Will DeFi projects that are ‘significantly decentralized’ avoid financial regulation? Are existing rules even applicable?
Scroll down and watch our latest DeFi webinar recorded on 10th of November 2020!
12.7% of Eth’s total supply is now locked across DeFi protocols. Real users, genuine innovation, rug pulls and huge VC bets continue to make DeFi a fascinating space to watch evolve.
But are regulators comfortable with such rapid innovation?
The US Department of Justice is also having a bumper quarter, most recently invoking the Bank Secrecy Act and charging Bitcoin ‘mixing’ service Helix with laundering over $300m of funds from the darknet.
But will this affect DeFi’s key players? Should stakeholders be concerned about increased regulatory activity? We invited an all-star cast to discuss:
- Is it now FinCen rather than the SEC keeping crypto founders up at night?
- Is this recent spate of prosecutions even relevant to DeFi?
- Why are these charges taking so long to be realized and what is the typical process?
- At what point does open-source code become a financially regulated instrument?
- Does custody & ‘control of funds’ matter when considering regulatory risks and liabilities of founders?
- Is there such a thing as a truly ‘decentralized exchange?’ When might this defense be sufficient?
- Is the Ether Delta settlement still relevant for today’s DeFi actors?
- When will we see greater clarity from regulators on DeFi?
Panel of Industry Experts Included:
– David C. Silver – Founder, Silver Miller
– Joey Garcia – Partner, Isolas LLP
– Joshua Klayman – US Head of Fintech, Blockchain and Digital Assets, Linklaters
– Pawel Kuskowski – Chief Executive Officer, Coinfirm