DeFi needs more decentralization – Blockworks

Amid all the ETF news that’s dominated the headlines over the last few weeks, the extensive report into DeFi published by the US Commodity Futures Trading Commission in early January didn’t get enough attention. 

Most of the news coverage focused on the report’s recommendations about implementing identity and AML practices, but this was only part of the document’s broad scope. 

Developed by the Commission’s subcommittee on digital assets and blockchain technology, the 79-page report dives deep into the risks presented by the emerging decentralized financial system. 

Especially revealing is its assessment of how effectively these risks can be addressed within the confines of…

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