DeFi Is the First Big Use Case, Right?

DeFi is really the first big use case. It's putting a responsibility and an opportunity on those of us who think about financial regulation. But don't forget that if you believe that Web3 is a thing, that unlike Web 1.0 and 2.0, Web3 is being led by finance. We do have the opportunity now to put those guardrails,. like we're having the Web 3.0 conversation and to really sort of land upon some clear norms.