I realised some time ago that decentralised finance is the biggest threat to the current financial system. That's because it's literally trying to replicate the same products and services we have today except without intermediaries, namely commercial and central banks.
It should come as no surprise then that the pushback against DeFi has been particularly acute, and that's why I decided to dig into the Federal Reserve's recent DeFi report. To my surprise, it was actually super comprehensive – the Fed really knows their stuff!
The only thing that concerns me is that many of the projects in the Fed's DeFi report have been targeted by regulations over the last year or so.
Correlation certainty doesn't mean causation, but it's clear these crypto projects are on the radar of regulators.
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Fed DeFi Report Full Text: https://www.federalreserve.gov/econre…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
