Will crypto be judged on substance or form?
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最新报道：In the Roman Storm trial, prosecutors argued that Tornado Cash's substance — enabling money laundering — mattered more than its technical form as non-custodial code. This reflects broader debates in crypto, where tokens often function like stocks, airdrops resemble IPOs, and stablecoins mimic bank accounts, yet resist corresponding regulations. While some tokens represent genuinely novel networks, others may unlawfully circumvent securities laws. The case highlights the tension between crypto’s innovative form and its substantive legal and financial implications.
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AI16Z near $0.10 after 10% drop – Could whales spark reversal?
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