Considerable anxiety exists in the world of Web3 related to regulation and the legal status of cryptocurrency projects.
The agency took issue with the fact that the founders, Tom Bean and Kyle Kistner, tried to use the existing bZeroX protocol within the DAO to put it beyond the reach of regulators.

But, there is something within the ruling that is extremely worrying to Web3 lawyers and developers.
But, there is a stark difference between going after instances of fraud and regulating or governing the industry with regulations that are inapplicable.

One example is related to microtransactions and airdrops.
That’s at the same time many administration officials seem to be pushing for a digital USD.
Source: Cointelegraph
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