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The Roundtable: Bridging TradFi and DeFi

Though much work remains to be done, an infrastructure project to connect the past, present, and future of finance is underway.

With the war in Ukraine, the fallout from the pandemic and record levels of inflation, the U.S. economy has taken a blow in 2022. But it's not clear what, exactly, is causing the ongoing downturn. A group of finance experts joined Roundtable to discuss inflation, markets, policy and their continued prognosis for the economy. In this segment, they examine how to bridge legacy and decentralized finance, commonly known as TradFi and DeFi. 

David Zell, founder of the Bitcoin Policy Institute notes that major names in traditional finance are already working toward interoperability with the blockchain. 

"Both Visa and MasterCard in the last 12 months have announced plans to integrate the Lightning Network into their payment rails," he notes. "So this [bridging] isn't speculative. The largest payment platforms in the United States are spending significant amounts of R&D money to integrate these two systems together as we speak."

Marc Lopresti notes that he has seen similar initiatives up close in his role as managing director at Moneta Advisory Partners.

"John and I are investing and advising companies at the forefront of creating a bridge between TradFi and DeFi," he says. "There's going to be a transition, just as we're going to run the world using dead dinosaurs for a long time as we transition to a renewable world." 

"It's a similar [story] of genesis and evolution. The idea that there will be a light switch that's just flipped and we're gonna go from TradFi to DeFi and total, frictionless peer-to-peer payment—that's horseshit." 

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Watch the full discussion below:

Roundtable Guests:

Jon Najarian, Co-Host, CNBC Halftime Report

Marc LoPresti, Managing Director, Moneta Advisory Partners

David Zell, Founder, Bitcoin Policy Institute