Why decentralization matters, and needs incentives

Decentralization matters for everyday digital life, and the article argues that lawmakers should now create incentives for projects to decentralize, not only protect against centralized risks. It says blockchain technologies have made decentralization workable at scale, citing a crypto market cap above $3 trillion and an estimated 30-60 million real users transacting monthly. It proposes tailored rules for DeFi, lighter disclosure and selling restrictions for digital assets that broadly disperse ownership, and removing intermediary-based tax and compliance obligations where no intermediary exists.