Davis Polk partner Jai Massari was quoted in MarketWatch on decentralized finance (DeFi) regulation. She noted that enforcing securities laws in the DeFi space may be complicated and that DeFi regulation will be far more difficult than what the SEC and other regulators have had to do to bring some semblance of order to crypto markets so far. Jai also explained that DeFi may present much harder legal questions, because it can represent decentralization and disintermediation in a way that regulators haven’t faced before, resulting in a different challenge and a more difficult set of questions.

DeFi could revolutionize finance. Can regulators do anything about it?MarketWatch (July 27, 2021)