TechFlow reports that Polygon Labs' legal team has released a conceptual framework document recommending that truly decentralized DeFi protocols be designated as critical infrastructure and overseen by the Office of Cybersecurity and Critical Infrastructure Protection at the U.S. Department of the Treasury.
The report notes that not all DeFi protocols are truly decentralized, and proposes financial regulatory constraints on them. It also proposes creating a new category of "critical communication transmitters" and separating CeFi or TradFi from independent control. The report emphasizes the urgency of curbing illicit activities and highlights the Treasury's mission to promote economic prosperity and ensure U.S. financial security.
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