4min chapter

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

Bankless

CHAPTER

Is There Less Need for Regulating Cryptocurrencies?

If you want to argue for regulation, I think it's more reasonable that the regulation should apply on people and centralized intermediaries which do not execute programmatically. When it comes to DeFi, when it comes to these blockchains, we don't need to ensure anything. They just operate according to the code. It's hard to take them seriously when they can't even look at these machines of immutable finance and applaud what has been built. We're both implicitly talking about the United States when we talk about regulators or maybe the United States and Western Europe or something.

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