DeFi Needs Clear Regulation; Or Does it? Feat. PaperImperium

PaperImperium, or Paper, or Chris (his real name, but he’s not keen to publicize his full name), is advocating for a clear regulation for DAOs, or decentralized autonomous organisations.

DAOs are a brainchild of the crypto-anarchist culture, and the concept implies that communities can make decisions and solve problems by common voting, using their crypto tokens as voting mandates.

Interestingly, Chris is not a huge fan of this idea itself, and he’s still on the fence on whether the concept is viable. Also, not everybody shares a belief that decentralized finance (DeFi) needs regulation at all, and recently the DAO members voted down the proposal to compensate Chris for his work.

Why then is he so passionate about educating congressmen and regulators about MakerDAO and everything around it? What got him into crypto in the first place, and why is he so excited about Maker?

Listen to Anna, Ben and Danny talk to Chris about his observations about the moods towards crypto in Washington, D.C., his hopes for DeFi and other things.

PaperImperium’s handle on Twitter is @ImperiumPaper.

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This episode was produced, announced and edited by Michele Musso. Our theme song is by Elision.