Agree with @vladtenev. This is our thesis @plumenetwork as well.
"By taking friction out of the equation, portability forces platforms to compete on price and innovation. Customers can optimize for a great experience rather than being locked into a walled garden."
Good overview of recent DeFi report from @FATFNews by @tphillips. Couple comments:
(1) The FATF report was drafted in cooperation with staff from Trump Administration's @USTreasury. It tracks Clarity's approach under Title III for "non-decentralized finance trading protocols"
Think DeFi is Exempt from AML/CFT? Think Again.
That's my takeaway from a new FATF report on the intersection of AML and DeFi. Although labs tend to think that they sit outside the AML perimeter, FATF's report makes clear that's not the case. 1/