Re:Attorney General orders unregistered crypto lending platf...
by dcolkitt on Monday October 18, 2021 @10:11PM
(#28914116)
Something I’ve been considering as a DeFi developer is doing on-chain pseudonymous accreditation.
Theoretically a smart contract could check the token and Ethereum balance of an address and classify it as accredited if it has more than $2 million in on-chain assets. I’ve spoken to several securities lawyers, and the consensus seems to be that this is unconventional but complied with US securities law as it stands.
Theoretically a smart contract could check the token and Ethereum balance of an address and classify it as accredited if it has more than $2 million in on-chain assets. I’ve spoken to several securities lawyers, and the consensus seems to be that this is unconventional but complied with US securities law as it stands.