Bradford Newman of Baker McKenzie says with U.S. courts acting as de facto regulators on issues relating to decentralized finance, or DeFi, defense lawyers need to gear their approach to telling the industry’s story to judges and juries.

“There are things about the industry that need to be cleaned up and regulated and enforced and policed,” Newman told the Litigation Daily, in something of an impromptu mock closing argument yesterday. “But I want to see America open for business, for the innovation that’s coming with DeFi. I want to see jobs. I want to see great minds doing cool tech. And I want to see our financial possibilities enhanced, not constrained—without the boogeyman fear that everything’s fraud.”