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5min chapter
SBF vs. Erik Voorhees: How Do We Regulate Crypto?
Bankless
The Most Important Thing Is Compromise, Right?
"I predict that in expected value terms, that compromise is better than what we will get," he says. "If DeFi front ends catering to Americans need to be licensed, DeFi in America dies." He adds: If you gate the way that people use DeFi, 99% of people use it through Agui,. if you gate that as a licensed financial institution, you have turned DeFi into tradFi. 'You're not wrong on that principle, but you're sacrificing far too much'
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