Crypto Lending Vaults Pass $10 Billion as SEC, EU Move to Oversee DeFi Lending

Crypto lending vaults have crossed the $10 billion mark for deposits, more than double the roughly $4 billion they held early last year, and the regulators are moving with them. The SEC is asking whether the securities sitting inside vaults belong there under existing rules, and the European Union is proposing to supervise the DeFi intermediaries that run them. The deposit figure is the flattering half of the story; the regulatory attention is the half that decides where this corner of the market goes next.

Key Takeaways Crypto lending vaults passed $10 billion in deposits, up from roughly $4 billion early last year, per CoinDesk and the Financial Times on October 19. The SEC is questioning w…