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Thursday, May 22, 2025

Lawyers get specific on the "decentralization" of crypto projects - Axios

"Decentralization" is this abstract term that floats all over crypto. It comes off like one of those tedious buzzwords that business people favor (such as: "solutions," "bespoke," and "synergy").
The big picture: Attorneys who see a future in blockchains have gotten serious about articulating what decentralization really means in terms of keeping token projects on the right side of laws meant to protect investors.
That might be crucial to determining whether or not a project's token is a financial security.
If it is a security, it becomes more trouble to work with than most startups would find worthwhile.
Zoom out: "The core innovation of decentralized cryptocurrencies is their capacity to mitigate risks through technology," The Cato Institute's Jack Solowey and Jennifer J. Schulp wrote in a paper put out Tuesday.
Anyone who has been on the internet more than a decade has felt betrayed by a tech platform. When did it sink in that Facebook and Google know uncomfortable things about...



Read Full Story: https://www.axios.com/2022/08/08/lawyers-get-specific-on-the-decentralization...

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