Six, Are We Pretending Everything Is Decentralized?

Commissioner: Labelling something decentralized does not necessarily make it so. Many people want to deal with centralized intermediaries in the crypto space, he says. But truly decentralized platforms do not mesh well with a regulated approach designed for centralized finance,. He lays blame on myself and my colleagues on the commission; we simply have not allowed staff the latitude to consider how crypto can operate within the securities framework.