Remove money what-is-defi
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The Financialization of Crypto

Reynolds Holding

This included the rise of systemically important crypto intermediaries (“SICIs”) that are antithetical to the philosophy of decentralized finance (“DeFi”). The Crypto Ecosystem DeFi is characterized by peer-to-peer transactions and an absence of a centralized intermediaries.

Finance 64
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Europe Needs a Business Law. What Would It Look Like?

Reynolds Holding

Competition issues, market integrity standards, money laundering, corruption, and tax evasion come to mind, but also human rights, worker conditions, climate, and perhaps financial stability, all issues that do not stop at borders. What does this business law look like?

Equity 59
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Let’s Stop Treating Crypto as If It Were Finance

Reynolds Holding

Crypto trading is wholly unconnected to the productive purpose that defines finance: helping businesses, individuals, and governments raise, save, transmit, and use money for socially and economically useful ends. That assumption, however, risks luring policymakers into a potentially catastrophic category error. The answer is simple.

Finance 145
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2022 Mid-Year Investment and Market Update: How to Survive When Clowns Are Running the World

Brian DeChesare

Toward the end of 2020, my most crypto-bullish friend showed me a “DeFi” service that allegedly paid 10 – 15% yields for investing. I said, “So, do you understand what they are doing? He dodged the question and continued to give me the DeFi sales pitch. I stayed far away from this service, while he presumably put in some money.

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SEC Chair Gensler Speaks on Crypto Markets

Reynolds Holding

I was over at Wharton, and what I knew of the law school is that the library stacks were a great place to study. First are the crypto trading and lending platforms, whether they call themselves centralized or decentralized (DeFi). 3] Similarly, the top five DeFi platforms account for nearly 80 percent of trading on those platforms. [4].

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Did the FTX Bankruptcy Kill the Crypto Star?

Brian DeChesare

Mainstream news sources have already covered the story extensively, so I want to take a different angle and comment on how “the smart money” fell for this scam and what it could mean for careers in finance. Based on these numbers, it seems highly unlikely that FTX customers will recover much of their money.

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SEC Chair Gensler Speaks on Crypto and the Securities Laws

Reynolds Holding

The Securities Act of 1933 was about companies raising money from the public. They understood that, when advisers manage someone else’s money, there may be additional opportunities for conflicts of interest between those advisers and clients. Congress knew the job still wasn’t done.