2min chapter

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SBF vs. Erik Voorhees: How Do We Regulate Crypto?

Bankless

CHAPTER

Do Decentralized Applications Need to Be Regulated?

Eric Schmidt: Sam was clear that the protocols shouldn't be regulated. He was suggesting that interfaces to these protocols should be and should be regulated similarly to how a centralized intermediary under the Bank Secrecy Act would be regulated. That is the big line that we need to say no on, he says. "I don't know for sure what the right thing to do is here," Schulder adds. 'We don't know what DCCPA will say'

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