Major reversal: The U.S. Treasury has withdrawn its proposal to monitor non-custodial wallets and mixers.
Self-custody is the lifeblood of crypto. The authorities voluntarily backing off is worth more than a hundred declarations of “embracing innovation.” Sentiment in the privacy sector is soaring, and the regulatory risk premium is falling. This is worth far more than those ETF inflows. With the direction now right, it’s only a matter of time before capital flows back in. Stop saying every day that DeFi is about to be strangled.
$BTC $ETH #DeFi #Regulation
Self-custody is the lifeblood of crypto. The authorities voluntarily backing off is worth more than a hundred declarations of “embracing innovation.” Sentiment in the privacy sector is soaring, and the regulatory risk premium is falling. This is worth far more than those ETF inflows. With the direction now right, it’s only a matter of time before capital flows back in. Stop saying every day that DeFi is about to be strangled.
$BTC $ETH #DeFi #Regulation