As #DeFi industry continues to grow in popularity, so too does the need for comprehensive regulation.
Recently, Fed chair Powell spoke about the difficulties around transparency in DeFi ecosystem and urged for greater regulation to ensure a healthy future for TradFi & #DeFi.
Powell's remarks come at a time when #DeFi ecosystem is growing rapidly and beginning to affect more retail investors.
Although the recent DeFi winter wasn't large enough to affect global financial stability, it's still important to be aware of its potential implications.