Is ‘DeFi Regulation’ an Oxymoron?

Is ‘DeFi Regulation’ an Oxymoron?
We’re nearing the end of “Policy Week” here at CoinDesk, which I’ve spent focused on the particularly thorny issues of regulating decentralized finance (DeFi). The technology, which removes intermediaries like banks and exchanges from asset trading, may require a major rethink of how securities regulation works. In the short term, though, there will likely be serious crackdowns that test the reality of that decentralization.There has been a recurring theme in the reactions to these pieces: that “DeFi” subjected to any sort of limits or controls whatsoever isn’t really “DeFi.” On one level, that’s true enough: As crypto-lawyer extraordinaire Stephen Palley…