As per a recent report, Matthew Sigel, the digital assets research head at VanEck, warned over aggressive regulatory actions and their serious impact on investor confidence in digital assets. This comes amidst the rifts between the regulators and the wider crypto sector. Matthew has criticized the Biden administration’s efforts to hamper the growth of defi and its stringent regulations, which could lead the Defi and self-custody functions to become illegal in the U.S. Sigel’s warning comes at a time when regulatory actions have targetted the Defi sector, which has led to growing concerns for future in the crypto community.

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