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by hi
728 days ago
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The Consensys case exposes the fundamental mismatch between blockchain tech and securities law. The SEC claims MetaMask Swaps 'effects transactions in securities,' but can a smart contract be a broker? This isn't just about Consensys; it's about whether the '34 Act's definition of a broker can encompass code without breaking the entire DeFi ecosystem. Congress's silence forces courts to decide if 'protecting investors' requires stifling the very innovation that could democratize finance. |
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