SotN#17: RETREATING! w/ Jake Chervinsky (BitMEX REKT, SEC Action, is DeFi safe?)
Bankless
00:00
Regulatory Eye on DeFi: Balancing Innovation and Oversight
This chapter explores the growing regulatory scrutiny facing decentralized finance (DeFi), likening it to the 'eye of Sauron' as regulators turn their attention to platforms like BitMEX and potentially larger protocols. The speakers discuss the implications of regulations surrounding unhosted wallets and the challenges of ensuring compliance while preserving financial privacy. Emphasizing the need for collaboration between DeFi innovators and traditional financial institutions, they highlight the importance of protecting civil liberties amidst evolving legislation.
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Transcript
