Who's actually building this framework though, people who've touched a protocol before, or just the same suits who couldn't define a wallet two years ago?
The author absolutely matters when enforcement comes up, because vague language written by people who don't understand custody versus ownership gets litigated into uselessness the moment a project wants an exemption.
Every time the regulatory ground shifts, liquidity dries up and APYs go haywire, stable rules matter more than most people realize. Really hoping whatever framework they land on actually sticks this time.
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Who's actually building this framework though, people who've touched a protocol before, or just the same suits who couldn't define a wallet two years ago?
Yeah but even clueless suits can accidentally write something workable. Doesn't matter who wrote it if it holds.
The author absolutely matters when enforcement comes up, because vague language written by people who don't understand custody versus ownership gets litigated into uselessness the moment a project wants an exemption.