This is a really great op-ed piece by the Chief Legal Officer of CoinList.
Of course the focus has been on the securities aspect of network utility tokens, and we live and breathe in the world of securities designated by a token-based unit of account that operates within regulatory rails.
We are indeed falling behind the rest of the world, and invariably the SEC will push to keep the discussion framed in a way that would favor traditional financial markets over emergent Wild West activities we've seen.
While that's certainly a political discussion, I personally feel that if the industry weren't filled with so many scammers, rug pulls, hacks, etc... the regulators wouldn't have as strong of a position to lean in.
thedefiant.io
Of course the focus has been on the securities aspect of network utility tokens, and we live and breathe in the world of securities designated by a token-based unit of account that operates within regulatory rails.
We are indeed falling behind the rest of the world, and invariably the SEC will push to keep the discussion framed in a way that would favor traditional financial markets over emergent Wild West activities we've seen.
While that's certainly a political discussion, I personally feel that if the industry weren't filled with so many scammers, rug pulls, hacks, etc... the regulators wouldn't have as strong of a position to lean in.
Forcing Utility On The SEC - The Defiant
The U.S. Securities and Exchange Commission under Chair Gensler is a rigid challenger of the crypto industry in its aggressive application of an age-old regime to digital assets.
thedefiant.io
