TradFi Wants To Run Crypto
The Breakdown
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Introduction
A federal judge has dismissed the case against DeFi startup Pool Together, stating that the federal court system is not an appropriate venue to raise concerns about the platform. The pool allows users to deposit money to enter a weekly prize draw. Users remain entered in each week's draw and can withdraw their funds at any time - creating a lossless lottery system or a prize-link savings account.
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