Powell: Proper regulation is needed before DeFi expands to retail

Chain Catcher News, September 27, at the "Opportunities and Challenges of Financial Tokenization" event hosted by the Bank of France, Federal Reserve Chairman Powell stated that the DeFi ecosystem has "significant structural issues related to a lack of transparency," indicating weaknesses in regulation and the work that needs to be done. He added that as DeFi expands and begins to reach more retail customers, appropriate regulation needs to be established. (Source link)