The Breakdown cover image

Are Crypto Safe Harbors an Idea Whose Time Has Come?

The Breakdown

00:00

Bitcoins and Etherias - The Emergence of Decentralization

Bit coin and etherium networks have become increasingly decentralized, making coordination of code upgrades more challenging. It is this evolved state of decentralization that appears to have made the current iterations of coin an etherium exempt from securities registration. Both now fail the part of the howe test that says an investment scheme is a security if returns for investors hinge on the work of a small group of people. Enforcement actions can cripple otherwise high potential projects, they can condemn them to permanent, ugly duckling hood? This prospect for transition is precisely what s c commissioner hester purse's proposal for a safe harbor provision for cripto projects is ended to achieve.

Play episode from 05:21
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
 Get the app