Weekly Update — DeFi Regulation 11/24–12/1/2021

DeFi — the ‘Wild West’ of crypto — is next on regulators’ hit list

Powell says it is unlikely that there will be a significant growth of DeFi that doesn’t require existing regulation in the future. Michael Hsu, acting Comptroller of the Currency, compared DeFi activity to Wall Street practices that contributed to the 2008 financial crisis during a Senate hearing in September.

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