Regulators “spooked” by DeFi

According to Politico, who suggest increased attention of this emergent area of Fintech. About a three minute read.

Comment: yah, not a surprise, I’ve mentioned several times the regulators attention and focus on cryptocurrencies was shortsighted, as the real innovation was taking place in DeFi. Oh and this quote strongly proves their ignorance ““For the first time, you’re starting to see DeFi protocols that are starting to set up procedures for borrowing and lending on a large scale,” .

Ok, there are DeFi Exchanges (aka, Dexs) running about $300B in liquidity but continue to suggest this is all new and large scale is something not seen before. YOU didn’t see it. WE did and we own it.

As I’ve explained before.

Washington’s rush to regulate crypto

is, according to Protocol, “a mess”. About a two minute read. Comment: ok, regulating crypto is yesterday’s challenge. I’ve seen…