Is Complete Decentralization of Finance Achievable? Waller Says No

A Federal Reserve official raised doubts about the capability of decentralized finance (DeFi) to fully remove intermediaries, despite the transformative potential of bitcoin. He posits that while decentralized frameworks strive to circumvent conventional systems, the necessity for trust in intermediaries continues to emerge. Is it feasible for crypto to achieve complete decentralization, or will it resemble traditional finance? The likely regulatory hurdles and the implications of […]