The third week of April marked a watershed moment for the relationship between regulators, traditional finance, and decentralized infrastructure.

The SEC issued a landmark clarification that DeFi frontends generally do not need to register as broker-dealers, while Charles Schwab announced the rollout of "Schwab Crypto" — giving 39 million brokerage accounts direct access to spot Bitcoin and Ethereum trading. Meanwhile, BIP-361 ignited fierce debate over whether Bitcoin should freeze coins held in quantum-vulnerable addresses, including Satoshi's $74 billion stash.

But the week also surfaced governance cracks and security failures, from the public feud between Justin Sun and WLFI over alleged backdoor blacklisting to Hyperbridge's $237K Token Gateway exploit.

In this episode:

- SEC clarifies DeFi UIs don't  ...