GBBC’s GSMI 6.0 Report Warns That DeFi’s Next Era Hinges on Clear Governance Standards, True Decentralization, and User Protection Frameworks.

1. "Regulatory Governance: Ideally, a globally harmonized and technology-neutral approach would allow blockchain innovation to flourish without requiring bespoke regulation for every new use case. For DeFi, and related activities such as tokenization, this means that compliance could be achieved under updated, but familiar, frameworks. This would reduce friction, encourage adoption, and support integration of Web3 with traditional finance. It would also support fairness and avoid regulatory arbitrage. For this section, we largely focus on insights from selected questions relevant for DeFi from US SEC Commissioner Hester Peirce’s statement “There Must be Some Way Out of Here.”2 While some of these insights cover the US regulatory framework, many of the concepts are relevant globally, especially as DeFi operates on global liquidity pools by nature, and US regulations often influence those of other jurisdictions."

Top comment by @Spencer420

More coverage

• [PDF] FRAMEWORKS, STANDARDS, AND REAL-WORLD IMPACT (downloads.ctfassets.net)
• Global Standards Mapping Initiative (GSMI) (gbbc.io)
• Global Standards Mapping Initiative (GSMI) (gbbc.io)
• Global Standards Mapping Initiative (GSMI) 6.0's Technical ... (x.com)

Explore the topic

• Decentralization
• Governance
• Standards