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Policy Corner: Grayscale ETF, Uniswap Dismissal, Tornado Cash Indictment | Rebecca Rettig, Jake Chervinsky
Empire
The Importance of Terms of Use and Privacy Policies in Crypto Law
The judge emphasizes the importance of terms of use and privacy policies for crypto lawyers. She highlights that the current law does not allow for certain claims and urges Congress to update laws to address these issues. Due to the decentralized nature of protocols, scam token issuers remain unknown, leaving plaintiffs with an injury but no identifiable defendant. Nevertheless, the plaintiffs sue Uniswap and vc defendants in hopes that the court will overlook the lack of cryptocurrency regulation. The judge asserts that the situation is powerful and calls for action.
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