Coinbase CEO Brian Armstrong chimed in on recent enforcement actions brought by the Commodity Futures Trading Commission against several operators of decentralized finance protocols, saying he hoped they take the regulator to court.

"The CFTC should not be creating enforcement actions against decentralized (DeFi) protocols," he wrote on X. "These are not financial service businesses, and it’s highly unlikely the Commodity Exchange Act even applies to them."

The CFTC last week said it had settled charges against DeFi protocols Opyn, ZeroEx, and Deridex, which were ordered to pay civil monetary penalties of $250,000, $200,000, and $100,000, respectively.

Deridex and Opyn were charged with failing to register as a swap execution facility or designated contract market, failing to …