SEC’s Peirce warns L2 chains with centralized sequencers may face exchange registration

SEC Commissioner Hester Peirce warned that layer-2 blockchains operating centralized matching engines may face exchange registration requirements while advocating for regulatory protection of truly decentralized protocols. source: https://cryptoslate.com/secs-peirce-warns-l2-chains-with-centralized-sequencers-may-face-exchange-registration/