Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

Regulators are making waves, but CrossCurve founder Faraj Abutalibov is determined to ride them. 🌊

15 Jan 2025 · 1 min

Watch on YouTube

0:44

Faraj Abutalibov of CrossCurve responds to Wells notices served to Curve Finance and 90 other DeFi protocols. He doubts the ecosystem will collapse and plans to focus CrossCurve on markets outside U.S. jurisdiction to avoid regulatory pressure.

Chapters

Was Curve Finance served a Wells notice yesterday along with other DeFi protocols? Yeah, 90 top DeFi protocols got served the notice. Absolutely. There's no dependability. The question from Gaurav was super difficult for me. To be honest, I was not following the news yesterday. I was preparing for the pitch. I didn't know how to answer it. If entire DeFi goes down, and which I don't believe it will, then we might go along with them. But if it survives, and there is also the world outside US and outside US regulator, if it survives outside, we will survive and thrive with them.