2min chapter

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

Bankless

CHAPTER

Decentralized Cryptocurrencies - What Do You Think Sam Means?

Eric Schmitz: The biggest area of contention, both with my own response to Sam's post and with the crypto community at large is what Sam was saying about DeFi. He says he agrees that things need to remain open and immutable but made a big mistake in suggesting interfaces for decentralized protocols should perhaps be regulated as financial institutions. "That line cannot be crossed. That line should not be crossed," said Schmitz.

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