SBF vs. Erik Voorhees: How Do We Regulate Crypto?
Bankless
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Navigating DeFi and Regulatory Tensions
This chapter examines the contrasts between permissionless digital commerce and traditional payment systems, highlighting the impact of intermediaries on financial transactions. The discussion addresses the complexities of regulating decentralized finance (DeFi) in the U.S., emphasizing the need to preserve its core values while navigating potential regulatory frameworks. By drawing parallels to traditional finance and the early internet, the conversation underscores the risks of imposing licenses that could stifle innovation and accessibility in the financial landscape.
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