💵 Circle’s Jeremy Allaire wants all dollar stablecoins registered in the U.S. Fair enough, they're using dollars and serving Americans.
But what about decentralized ones like DAI? No bank accounts, no treasuries, just crypto backing. And if it's run by a protocol, who’s supposed to show up and fill out the paperwork? Regulate the unregulatable? Good luck.
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💵 Circle’s Jeremy Allaire wants all dollar stablecoins registered in the U.S. Fair enough, they're using dollars and serving Americans.
But what about decentralized ones like DAI? No bank accounts, no treasuries, just crypto backing. And if it's run by a protocol, who’s supposed to show up and fill out the paperwork?
Regulate the unregulatable? Good luck.