Meng Yan, Deputy Dean of Digital Asset Research Institute: DeFi has the opportunity to become a breakthrough in digital finance

Today, at the Babbitt Industry Orientation Class, Meng Yan, deputy director of the Digital Asset Research Institute, mentioned the Token Safe Harbor "safe harbor" proposal issued by SEC member Hester Peirce. The proposal proposes a three-year exemption for token financing of decentralized applications, and will in fact restart the ICO in the United States. Meng Yan said that this will benefit the decentralized blockchain system and DeFi. Because DeFi has grown rapidly in the past year, it is less affected by market fluctuations, and is transparent, open (no access required), and combinable (financial Lego).