$ETH 🔹 Three Major Focus Areas: Activities, Disclosure, Risk Identification

The discussion focus has shifted from technical aspects to behavioral activities (on-chain & off-chain), especially related to off-chain protocols and potential manipulations.

The need to disclose off-chain agreements and the market distortions that a single protocol may cause has been raised.

Three major risks have been identified: network security, governance risks, and risks of illicit financial activities.

🔹 Blockchain Modularity & Control Point Identification

Jill Gunter (Espresso Systems) pointed out that regulation should focus on which nodes have control and which do not, especially in modularly designed blockchain systems.