Today Cas and Bennett are joined by law professor at American University Hilary Allen to discuss whether or not web3 and DeFi are shadow banking 2.0, and if they will lead to another 2008 financial crisis.

Hilary's paper available here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4038788

Read more: https://cryptocriticscorner.com/2022/10/27/episode-97-defi-as-shadow-banking-2-0-feat-hilary-allen/

This episode was recorded on August 3rd, 2022 and edited by Griffin Davis.