in theory, regulators could go after the centralized custodians backing DAI's collateral. after all, the majority of value backing DAI's value is held in centralized assets like USDC, WBTC, TUSD, PAX, etc.

if regulators make it untenable for custodians to provide highly liquid stablecoins to back DAI, then it's a return to death by ETH volatility.
https://www.longhash.com/en/news/3339/MakerDAO%E2%80%99s-in-Trouble-%E2%80%94-And-It-Could-Shake-Up-DeFi


thanks for the heads up. they're planning to launch next month! https://www.coindesk.com/facebook-libra-stablecoin-january-2021

and it's a dollar-pegged stablecoin. i have a feeling USA crypto/stablecoin regulation will be passed very soon.