#CryptoRoundTableRemarks

Regulators and policy makers have struggled to agree on a definition of decentralized finance, but regulating this area of the crypto industry is far from impossible, panelists said at the SEC's latest crypto roundtable.

The big picture: The SEC's challenge in regulating DeFi is applying current rules aimed at intermediaries — like broker-dealers and exchanges — to a system designed to operate without them, SEC chair Paul Atkins noted.

Panelists at the fifth crypto roundtable yesterday, titled "DeFi and the American Spirit," suggested three target areas for regulation: common activities, disclosure rules and risk identification.