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Decentralized Finance (DeFi) and Financial Services Disintermediation: Policy Challenges

Published Jul 28, 2021Updated Jun 20, 2025

The Congressional Research Service is a nonpartisan policy and legal analysis arm of the Library of Congress. CRS reports are written for members of Congress and their staff, not the public — but they’re made available openly through Congress.gov.

Decentralized Finance (DeFi) and Financial Services Disintermediation: Policy Challenges — Informed