For DeFi to Flourish, Right-Size the Regulators

If crimes are committed, perpetrators must be held accountable. At the same time, honest actors should be allowed to innovate. As a rule, history has shown that adopting and regulating, rather than opposing, new technology benefits society at large. This constructive approach to innovation is a major reason wealth, educational attainment and life expectancy have all risen so quickly over the past century and a half.