5min chapter

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

Bankless

CHAPTER

What's the Most Important Thing?

The most important thing is that smart contracts, validators, payments remain open and free. I'm relatively willing to accept compromises if they preserve the things that I believe have the vast majority of the value for DeFi. My projection is a world in which it's like, dollar day here, smart contracts, payments totally free, but in which the centralized American hosted front end requires a burglar license or something like that. It's up to people in the industry to highlight whether ethical, moral, legal and social reasons why those controls should not be imposed.

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