“We had a lot of great builders here in the United States trying to develop business, and then they spent all these creative hours developing decentralised autonomous organisations, and foundations, and point systems, just to deal with the ill-fit application of the securities laws” @ChairmanSeligCFTC Chair Michael Selig explains how the SEC helped make the US safe for founders to build, and to make the US the crypto capital of the world ...

🚨LATEST: EUROPEAN CENTRAL BANK SAYS DEFI DAOS ARE TOO CENTRALIZED...Europe's MiCA regulation excludes protocols “provided in a fully decentralised manner", but a new report from the ECB suggests many DAOs are not as decentralized as some would like to suggest.After looking at several major DAOs, it concluded that voting power remains highly concentrated across a small number of holders."While these tokens are technically distributed across a large number of unique blockchain addresses, a small number of ent ...