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63. MONEY | Will Big Banks Ruin The Tokenization of Finance?

Alfalfa Podcast

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Mobile Coin

J.P.O. O'Neill: In principle, we want the same risks to have the same regulation. But with general genuinely novel activities, such as like replacing intermediaries or smart contracts, decentralized governance, unhosted wallets that allow users to self custody their crypto assets,. These novel uses represent new risks. And we have a lot of work to determine what is appropriate there and what's acceptable. So feel like as long as things like this can continue to be possible and thrive, we could be in a great position.

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