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SEC Allegations Against Binance and Coinbase Could Hinder DeFi's Future

The SEC's allegations against Binance and Coinbase could have negative consequences for the decentralized finance (DeFi) industry, which aims to provide financial services in a decentralized manner. The charges against centralized exchanges raise doubts about the future of DeFi, and may discourage developers and entrepreneurs from pursuing new concepts. Furthermore, the regulatory approach towards DeFi exchanges appears biased, creating an unlevel playing field compared to traditional financial institutions. To unlock the full potential of DeFi and promote financial inclusiveness and empowerment, regulatory measures should strike a balance between regulation and decentralization.

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