Decentralized exchange dYdX plans to move part of its operations to the Cayman Islands as U.S. regulators turn their attention toward decentralized finance protocols.
Although dYdX does not operate in the U.S., regulators there can, and have, pursued crypto projects based outside of their jurisdiction. A dYdX representative was not immediately available to respond to The Block’s request for comment.
Source: News Formal (newsformal.com)
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