This episode is sponsored by Circle and NEAR.

The massive web of regulations that entangle the legacy financial sector have been, in the recent past, a guidepost for governors to apply to the crypto industry. But the argument for many in the crypto community is that those same rules aren’t really applicable to crypto and decentralized finance (DeFi), especially without considerable changes.

As the industry matures and seeks more clarity concerning governance and regulation, larger questions arise for the future of crypto commerce. How do we appropriately assess risk in new systems? Should regulators impose stricter constraints on crypto’s centralized finance sector?

Who has regulatory authority over which assets and why?

Today on “Money Reimagined,” host Sheila Warren  examines alternative frameworks for regulation and world banking with Jai Massari, co-founder and chief legal officer of Lightspark; and Alexandra Barrage, partner at Davis Wright Tremaine, who also previously worked at the Federal Deposit Insurance Corp.

I.D.E.A.S. 2022 by CoinDesk is the place to see your idea for the next big thing through – meet with leading investors, vet service providers and meet fellow visionaries at the Investing in Digital Assets and Enterprises Summit.  Learn more and apply to become a presenter today: coindesk.com/ideas

This episode was produced and edited by Michele Musso  with announcements by Adam B. Levine and our executive producer is Jared Schwartz. The theme song is “Shepard.”