"You can't regulate these networks out of existence" Peter Van Valkenburgh on why legitimizing crypto is a better approach than trying to outlaw it "The best approach for America and American power globally is to embrace that these new technologies exist, except that they can't be regulated out of existence. Instead, find as many paths to legitimize the businesses building on top of these networks as possible." "So that you can then have oversight over them when there's a human in the loop, which more often than not, there still will be. Like, DeFi is not gonna eat the whole world." "You combine all that intelligence because chain analysis on its own is not enough, but you take it and combine it with a lot of other information, and you can actually get a lot of leverage over the money brokers and bad actors who are using these networks." "That's just a good approach, and it's much better than trying to outlaw this stuff or drive it underground, because you'll just lose visibility and people will continue to use it."