The English Law Commission's final report on digital assets proposes a new approach to address the lack of clarity in laws and regulations for digital assets. This approach may make the UK a preferred jurisdiction for DeFi and other digital asset structures. The legal uncertainty surrounding DeFi and the digital asset economy hinders their development, as seen in cases where victims of fraud were unable to freeze or obtain remedies against cryptoassets held in exchanges. Additionally, legal uncertainty makes it difficult to determine ownership of cryptoassets and assess risks in DeFi transactions.