Salman Banaei
@banamlas
🇺🇸 general counsel @PlumeNetwork. posiwid. uber 4.9. ex @secgov @cftc @uniswap @chainalysis @ihsmarkit (nka @spglobal). personal views.
390 Following 2.6K Followers
The @FATFNews DeFi report today asks regulators to open pathways for institutions into DeFi and encourages AML/CFT controls at the smart contract level (Rec. 5).
AML/CFT compliance at the @plumenetwork L2 chain and @NestCredit protocol is the path to institutional adoption.
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Grateful for the opportunity to clarify how Clarity can strike a balance between innovation and accountability alongside @BlockchainAssn @lindsayfraser0 @N0th1n3 @robinrcook @thecolinmclaren )to name a few) to Senate staff working on the legislation.
Clarity meaningfully moves the ball forward on combatting illicit finance by providing new accountability and registration requirements across the centralized and decentralized crypto ecosystem while protecting developers' ability to build the DeFi smart contracts that power globally scalable onchain capital markets.
@plumenetwork and the onchain finance future is founded on the building blocks built by open source developers.
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