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Following suit as other sectors within the crypto space gained increased interest from both retail and institutional investors, DeFi is currently swinging at $35.58B ofTVL within its platforms.

However, Pierce commented that the decentralized and ambiguous nature of DeFi would pose a significant challenge in the sector’s regulation.

At the time, she explained that a regulator’s role would depend on what was to be regulated; in that case, there were many gray areas involved.

Additionally, she sees the technological advancements within the DeFi space as a breakthrough for the regulatory challenges

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