I was recently asked for my thoughts on the fundamental questions and issues relevant to the regulation of DeFi - under existing law or for a bespoke regulatory framework. This request came from industry due to the current work and reports on the regulation of DeFi due from IOSCO by the end of 2023 and the European Commission by the end of 2024. I make these thoughts public so as to encourage robust discussion on this topic in the lead up to industry’s efforts to respond to IOSCO and the Euro...