In this episode of the podcast, we discuss the latest developments in Web3 finance and the regulatory challenges faced by the industry. We cover the recent burn of 11,500 wBTC worth $260 million and the decline in supply. We also talk about Ripple's chief legal officer calling for the SEC chair's recusal from crypto enforcement cases, Binance's shift towards TrueUSD as Tether and USD Coin use declines, and Hashnote's launch of a regulated DeFi platform. We explore the importance of KYC and AML standards and how regulated DeFi platforms can attract institutional investment in the space.