Today, The Chamber of Digital Commerce has responded to the Treasury Department’s Illicit Finance Risk Assessment on Decentralized Finance (DeFi).

In our response, The Chamber provides comprehensive insight into DeFi, defines decentralization, and illuminates the risks tied to it, laying a groundwork for providing clarity to the role and potential of DeFi in modernizing the financial system.

“We would like to thank The Treasury for their collaborative efforts in this endeavor. DeFi is a complicated and technical field, and the Treasury is making the right move by asking for help from real industry experts,” said Cody Carbone, Vice President of Policy. “We are excited to continue this conversation and advocating for the industry and our members.”

The Chamber’s comments are a product of our diverse membership, and we are going to continue to lead the conversation.

**Chamber experts are available for comment. Contact press@digitalchamber.org to schedule an interview.**