Out of an abundance of legal caution, many cryptocurrency projects exclude U.S. residents from token airdrops. U.S. crypto users – even insiders at similarly cautious projects – regularly find ways to claim tokens anyway. This “hypocritical” behavior may undermine the effort by some in the industry to avoid U.S. jurisdiction, lawyers said.
The U.S. presents a paradox to some cryptocurrency startups.
They can’t afford to ignore the tech-savvy American workforce. They also can’t let their brand-new crypto tokens run afoul of the world’s toughest financial regulatory regime.
EigenLayer, one of Ethereum’s hottest projects, embraced a solution common in
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