U.S. lawmaker Peter says embracing DeFi is the best response to potential Iranian misuse

U.S. Representative Peter said in a post on X that the best way for the United States to respond to the potential misuse of decentralized finance by Iran is to embrace the technology rather than try to ban it. He said the U.S. should recognize that these new tools already exist and cannot be made to disappear through regulation alone. Instead, Washington should look for as many ways as possible to integrate them into the existing system. Peter also argued that accepting DeFi and other emerging technologies, rather than attempting to prohibit them, is the strongest path for preserving U.S. global strength. He framed that approach as a way to prevent countries such as Iran from using decentralized finance to evade sanctions. The item was attributed to @laurashin in the source note.