Duane Pozza Discusses DeFi Regulation and Enforcement

Lassoing a Stallion: How Gary Gensler Could Approach DeFi Enforcement The SEC may "pierce the veil" of "decentralization theater" by going after individuals involved in DeFi projects, observers say. Earlier this week, we considered the challenges of creating viable long-term regulations for decentralized finance (DeFi) protocols. These systems can ostensibly remove intermediaries from the trading of any asset represented on a blockchain, but those intermediaries have been the ones enforcing rules on behalf of regulators for the better part of a century. That means workable DeFi regulation will likely be much different in substance, and enforced differently, than current securities…