5min chapter

Bankless cover image

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

Bankless

CHAPTER

Is There a Cost to Losing Permission?

I think it's like, I think that there is a totally plausible argument to be made here. If you're okay with having a closed permission financial system, then we see things very differently. So what you're saying is that an American hosted GUI, even an American retail hosted in a centralized way on a centralized cloud server requires some sort of financial licensure. And I don't feel nearly as strongly about the thing I said. It would be the height of irony if crypto entrepreneurs then gave up that very same argument 25 years later and allowed finance itself,. which is no more dangerous than information to become a permission system.

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