Before the FTX blowup there was a serious conversation happening around regulation of the DeFi space. During our Merge event in London last month I interviewed Lawrence Wintermeyer, the Chair of the GBBC Digital Finance (and the former chair of Innovate Finance) on the topic, Paving the Way for Web3 Legitimacy.Given the events of the last couple of weeks this topic has new urgency. For the DeFi industry to scale it must begin a serious and open discussion with regulators and it needs to address some of the thorny issues caused by its decentralized structure. This interview was recorded on October 17 and there was a prescient quote from Lawrence during the interview: "The industry just does not look like a very safe place to put your money right now."In this podcast you will learn:Why people are at war in the digital innovation space.Why it is critical for the web3 industry to come together and self-regulate.What a co-regulatory model could look like.How can approach regulating DeFi where it is by definition decentralized.The difficult issues that most need to be addressed.Why identity and liability considerations are so important for DeFi.How far away we are from effective DeFi regulation.His thoughts on permissioned and closed DeFi networks.What's the most practical thing that we can do to create Web3 legitimacy.Connect with Lawrence on LinkedInConnect with Lawrence on TwitterConnect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes