USA’s Federal Agencies like FinCEN view all stablecoins as falling under their remit. Under their “technical neutral” stand point, they feel entitled to regulate such currencies: “It does not matter if the stablecoin is backed by a currency, a commodity, or even an algorithm – the rules are the same,”. They may try to enforce KYC.  The whole purpose of DeFi is to create a decentralized economy that can bypass the regulations of these centralized agencies. I am wondering if they will be able to catch up with technological innovation.