AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer - Ep. 483
Unchained
DeFi and the Flaw of Misclassification
DeFi protocols represent distinct financial products, akin to unique fruits, each with specific functionalities. The SEC's regulation incorrectly forces these products into a framework designed for traditional financial models, likened to mammals, ignoring their inherent characteristics. This misclassification risks undermining the foundational principles of DeFi. Additionally, the reliance on intermediaries for compliance is inherent in the SEC's regulatory approach, which stems from the challenge of comprehensive oversight. DeFi inherently promotes disintermediation, complicating the SEC’s existing enforcement strategy, highlighting a significant disconnect between traditional regulatory frameworks and innovative financial technologies.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode