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Erik Voorhees, CEO of the American crypto exchange ShapeShift, participated in the DeFi convention, Permissionless. 
Voorhees focused on the permissionless nature of crypto. He pointed out that everything started with the invention of Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) 15 years ago. 
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 Why are we here? Permissionless II opener from <a href="https://twitter.com/ErikVoorhees?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ErikVoorhees</a> that got an entire crypto conference on their feet <a href="https://t.co/48kbXMaQjE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/48kbXMaQjE</a>— Permissionless II (@Permissionless) <a href="https://twitter.com/Permissionless/status/1702054516458156126?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 13, 2023</a> 
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He explained that permissionless digital money was created thanks to the cryptocurrency industry. When a person makes a transaction like paying with a credit card, he needs permission from a financial institution or bank. However, crypto transactions represent a much higher level of financial freedom. 
The crypto founder talked about the state’s role and defined them as a group of strangers. Later on, he added that the state steels consumers’ income through the use of taxes. He added that the crypto industry is building a new economic defense based on a different structure using permissionless money as the critical point. 
Finally, he questioned the role of <a href="https://crypto.news/cftc-filed-complaints-against-three-defi-protocols/" data-type="link" data-id="https://crypto.news/cftc-filed-complaints-against-three-defi-protocols/" rel="noopener noreferrer nofollow">regulators</a>, giving one example of the SEC led by <a href="https://crypto.news/how-sec-chair-gary-gensler-moved-from-crypto-advisor-to-antagonist/" data-type="link" data-id="https://crypto.news/how-sec-chair-gary-gensler-moved-from-crypto-advisor-to-antagonist/" rel="noopener noreferrer nofollow">Gary Gensler</a> and the definition of tokens as securities. 
 You might also like: <a href="https://crypto.news/how-sec-chair-gary-gensler-moved-from-crypto-advisor-to-antagonist/" rel="noopener noreferrer nofollow"> How SEC chair Gary Gensler moved from crypto advisor to antagonist </a> 
Permissionless is hosted and organized by the media outlet Blockwords. The event occurred between Sept. 11 and 13 at the Austin Convention Center in Austin, TX. 
The event had the attendance of more than 7,000 crypto enthusiasts across the United States and worldwide. Different leaders and well-known names from the crypto industry participated in the event, such as Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) founder Vitalik Buterin, Solana (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/" rel="noopener noreferrer nofollow">SOL</a>) co-founder Anatoly Yakovenko, and OKX president Hong Fang, among others. 
 You might also like: <a href="https://crypto.news/cftc-filed-complaints-against-three-defi-protocols/" rel="noopener noreferrer nofollow"> CFTC filed complaints against three defi protocols </a>

ShapeShift’s CEO spotlights crypto freedom at Permissionless

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