How Gary Gensler Could Approach DeFi Enforcement

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Plenty of crypto operators will rightly view placing enforcement forward of regulation as shutting the barn door after the horse is unfastened. To some extent, it’s a consequence of the shifting priorities of a brand new administration. Trump administration regulators, for higher or for worse, made solely incremental progress on laying out guidelines for crypto, a lot much less DeFi, as crypto and DeFi grew from marginal to significant between 2016 and 2020.