Developers are watching whether regulators distinguish writing software from running a financial intermediary. Cathy Yoon, chief legal officer at Solana-focused research and development firm Temporal, said she hopes the SEC will recognize developers as software creators without turning their work into a securities enterprise. “The… Read More
The “interim final” status of the one rule means it becomes immediate policy but will be open for public input as it’s implemented. The other rule proposal explicitly folds “event contracts, including those based on sports, politics, cultural, and weather-related events” that are routinely traded… Read More
The fallen leader of the former top exchange FTX is looking for answers from the U.S. Supreme Court.
The SEC’s new proposal to overhaul transfer-agent rules could eliminate duplicate offchain shareholder records, reducing reconciliation costs and legal uncertainty for tokenized securities.
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.
The courtroom combat across state and federal courts is so far producing roughly split outcomes, suggesting a big job may be coming for the Supreme Court.
