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The Token Safe Harbor Lands on Capitol Hill


HAL1000
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"Namely, like Proposal 2.0, the Bill defines “network maturity” as either functionality or decentralization. "

"As in Proposal 2.0, the Bill does not justify why functionality alone — without decentralization — would be sufficient to shield a project from federal securities laws "

XRPL has been fully functional DEX since the first time it was turned on. Granted Ripple Labs ran the UNL for a few years, then started adding other Validators.

Edited by KarmaCoverage
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