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What Decentralized Exchanges Can — and Can’t — Do About Market Manipulation

Bracewell’s Anne Termine discussed with The Block if transparent on-chain trading DEXs are a potential alternative to opaque and at times corrupt traditional markets.

Termine said of DEXs, “From the CFTC and SEC’s perspective, it’s still their duty to maintain adequate controls to detect, prevent and stop any market manipulation.”

DEXs have face serious questions from regulators who are skeptical about whether they live up to the promise of reducing malicious behavior. And those legal definitions behind manipulation are constantly in development, meaning that future court decisions can very well incorporate novel types of market manipulation.

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