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Legal Expert Affirms Public Blockchains as Regulatory Standard Amid Corporate L1 Launches
Legal Expert Affirms Public Blockchains as Regulatory Standard Amid Corporate L1 Launches
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BTCCSquare news:
Jake Chervinsky, chief legal officer at Variant Fund, asserts that decentralized public blockchains remain the regulatory benchmark for crypto product development, despite a wave of corporate-controlled layer-1 networks. His comments come as Circle and Stripe unveil proprietary L1 chains—Arceeee and Tempo, respectively—sparking debate about compliance motivations.
"No U.S. regulator has demanded permissioned validator sets or built-in compliance tools," Chervinsky stated on X, dismissing product-specific L1s as often unnecessary. Venture capitalist Revaz Shmertz countered, framing corporate chains as regulatory arbitrage vehicles that preempt potential enforcement actions.
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