A DeFi Discussion: How the Government Should Deal With Illicit Finance

Also, Barr says banking risks don't keep him up at night; SEC report on credit raters finds problems at one large firm; bank regulators issue report on threats posed by biggest and most complex loans

Friday Q and A: Spurred by a series of high-profile cases against token trading platforms, the ransomware epidemic and Hamas’ attack on Israel, the issue of illicit finance in crypto has been thrust toward the top of the financial regulatory agenda in Washington. Just this week, two congressional hearings delved into the issue, as witnesses from both th…