I believe the most effective case and solely case technique for defi goes to be some hyper elaborate authorized construction wrapping, im simply repeating crypto regulation twitter after all. Recognizing good contract as counter occasion appears enormous.
Given how excessive the CFTC software course of is, the one individual getting onchain DeFi licenses is like SBF 2 years from now, so I do not see how onchain leverage stays open to US citizen and not using a totally anon dao/anon devs. Gonna be actual about it.
I can see a path for certain for just like the dao itself being a OTC counterparty…I must reread Dodd-frank closely, we’re speaking a couple of good contract being a authorized counter occasion and broker-dealer/self-dealer as a result of the dao has personhood & instrumentality.