Wu learned that Andre Cronje disclosed the reasons for his departure from Decentralized Finance in 2022. He stated that although projects like Yearn and Keep3r fully adhere to the principles of Decentralização and Código aberto, without conducting financing, Token sales or Dividendos, since 2021, he has been under constant investigation pressure from the US SEC. During the two-year investigation, the SEC has changed its perspective multiple times, from financing compliance to the project being considered as ‘veículos de investimento’, forcing him to invest a lot of time, energy, and funds in dealing with legal issues, which severely affected his development work. In the end, Andre chose to leave the public eye because he could not bear the regulatory pressure. He revealed that after leaving, he turned to learning about TradFi and the regulatory field. He is currently preparing to launch a new project and emphasized that regulation should not hinder the innovation of decentralized protocol.
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Andre Cronje revelou as razões para sair das Finanças Descentralizadas em 2022
Wu learned that Andre Cronje disclosed the reasons for his departure from Decentralized Finance in 2022. He stated that although projects like Yearn and Keep3r fully adhere to the principles of Decentralização and Código aberto, without conducting financing, Token sales or Dividendos, since 2021, he has been under constant investigation pressure from the US SEC. During the two-year investigation, the SEC has changed its perspective multiple times, from financing compliance to the project being considered as ‘veículos de investimento’, forcing him to invest a lot of time, energy, and funds in dealing with legal issues, which severely affected his development work. In the end, Andre chose to leave the public eye because he could not bear the regulatory pressure. He revealed that after leaving, he turned to learning about TradFi and the regulatory field. He is currently preparing to launch a new project and emphasized that regulation should not hinder the innovation of decentralized protocol.