# Finance Redefined: Layer-two growth and the SEC’s scrutiny, Sept. 19–23

# Finance Redefined: Layer-two growth and the SEC’s scrutiny, Sept. 19–23

“# Finance Redefined: Layer-two growth and the SEC’s scrutiny, Sept. 19–23 ” Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. In a week where DeFi’s parabolic growth continued, elsewhere, the United States Securities and Exchange Commission Chair Gary Gensler threatened to tackle stablecoins. What you’re about to read is the smaller…

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# Bitfinex launches the first L2 bridge from CeFi to DeFi

# Bitfinex launches the first L2 bridge from CeFi to DeFi

“# Bitfinex launches the first L2 bridge from CeFi to DeFi ” Crypto exchange Bitfinex has today announced a market-debut service to bridge its centralized platform with the layer-2 decentralized trading platform and subsidiary DeversiFi.  The bridge will provide users access to the permissionless and privacy-centric experiences of DeFi, in combination with the highly-liquid, accessible…

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# SushiSwap denies reports of billion dollar bug

# SushiSwap denies reports of billion dollar bug

“# SushiSwap denies reports of billion dollar bug ” The developer behind popular decentralized exchange SushiSwap has rejected a purported vulnerability reported by a white-hat hacker snooping through their smart contracts. According to media reports, the hacker claimed to have identified a vulnerability that could place more than $1 billion worth of user funds under…

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# SEC registrants seek DeFi and physically-backed Bitcoin ETF approval

# SEC registrants seek DeFi and physically-backed Bitcoin ETF approval

“# SEC registrants seek DeFi and physically-backed Bitcoin ETF approval ” Crypto companies from the United States filed two registration statements with the Securities and Exchange Commission (SEC) seeking permission to sell exchange-traded funds (ETF) in relation to Bitcoin (BTC) and decentralized finance (DeFi). An Atlanta-based investment company, Invesco joined New York’s Galaxy Digital Funds…

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# Senator Warren’s office confuses MakerDAO for failed 2016 project The DAO

# Senator Warren’s office confuses MakerDAO for failed 2016 project The DAO

“# Senator Warren’s office confuses MakerDAO for failed 2016 project The DAO ” Recent dialogue between MakerDAO developers and the office of anti-crypto Senator Elizabeth Warren’s has revealed a concerning lack of familiarity with the current decentralized finance (DeFi) ecosystem. On Sept. 20, a screenshot began circulating on social media appearing to show dialogue between…

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