_gabrielShapir0
@lex_node
16-yr corporate attorney, now tokenizing companies at @MetaLeX_Labs
ex-BigLaw Buyside Tech M&A (Weil, Hogan Lovells)
ex-@Delphi_Labs GC
@BrownUniversity grad
Joined January 2018
6.8K Following 77.5K Followers
"if a token provides onchain value, it’s a network token. If a token provides offchain value, it’s not a network token and likely remains subject to securities laws"
in a nutshell, why I think many projects will still want dual token/equity post-CLARITY
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Not the only way, but the easiest and simplest way. Projects should embrace simplicity.
Not sure about “delivering onchain value” via tokens that don’t constitute network tokens. The network token definition stipulates that if a token provides onchain value, it’s a network token. If a token provides offchain value, it’s not a network token and likely remains subject to securities laws.
The bill doesn’t really address anything other than network tokens and NFTs, unless you’re referring to tokenized securities in 505.
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