Polygon Labs proposes defi protocols as critical infrastructure in new regulatory framework
Polygon Labs, in collaboration with Arktouros law firm, has put forward a new regulatory framework that proposes designating certain decentralized finance (defi) protocols as critical infrastructure crucial to the national and economic security of the US. The suggestion was published on Jan. 29 by Rebecca Rettig and Katja Gilman of Polygon Labs, alongside Arktouros co-founder Michael Mosier. Their 45-page document focuses on combating illicit finance activities in the DeFi space. 1/ Today, @m_mosier_ @katjagilman & I are sharing a paper that begins a conversation around, & proposes a conceptual framework for, how to answer the "illicit finance" policy question as it relates to DeFi. A brief thread below, with links to the full paper + a summary document. pic.twitter.com/1OQ1gCHiAX — Rebecca Rettig (@RebeccaRettig1) January 29, 2024 The proposal recommends that genuinely decentralized DeFi protocols should be overseen by the US Treasury’s Office...