BREAKING: 🇺🇸 The SEC has released new crypto guidance and it is bullish for DeFi.
1. Token holder voting does not make a network centrally controlled, as long as holders are not acting together.
2. A network only has a central party if someone can control access, change the voting process, pick validators, or rewrite the code.
3. Functional and decentralized are two separate tests, and how decentralized a network is depends on the facts.
Crypto is finally getting the clarity it deserved.
$BTC
1. Token holder voting does not make a network centrally controlled, as long as holders are not acting together.
2. A network only has a central party if someone can control access, change the voting process, pick validators, or rewrite the code.
3. Functional and decentralized are two separate tests, and how decentralized a network is depends on the facts.
Crypto is finally getting the clarity it deserved.
$BTC
