Criminal charges versus a crypto trader who declared to have won about $50 million worth of digital possessions after making use of a decentralized financing platform reveal that even as DeFi stays mainly uncontrolled, it uses no guard versus the legal repercussions of supposed scams.
” There’s a distinction in between what’s managed and what’s legal,” Neal Kumar, partner at Willkie Farr & & Gallagher LLP, stated in a phone interview. “Even if it’s not managed does not indicate that you might do any activity you desire,” he included, and “federal government can still pursue scams and control.”