Jul 13, 2021

Silicon Valley bets on crypto projects to disrupt finance

Posted by in categories: finance, law

Lawyers and venture capitalists said DeFi inhabits a largely unregulated grey area that could face pressure from the new Securities and Exchange Commission chair Gary Gensler. Some investors drew comparisons between DeFi and the boom in initial coin offerings four years ago, which collapsed following interventions by regulators.

Wave of ‘DeFi’ projects aim to reinvent exchanges, insurance, lending and more.

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