Practical legal analysis for token issuers — Reg D, the CLARITY Act, SEC v. Ripple, AML/KYC requirements, and state Blue Sky laws. Written for operators, not attorneys.
Regulation D Section 506(c) is the most practical legal path for most US token offerings — here is exactly what it requires.
Read article →The SEC uses the Howey Test to determine if a token is a security. Here's how the test actually applies — and how token structure affects the analysis.
Read article →The Digital Asset Market Clarity Act creates a new legal category for sufficiently decentralized digital assets — potentially the biggest regulatory change since 2017.
Read article →Judge Torres ruled that XRP sold on secondary markets is not a security. The implications extend far beyond Ripple.
Read article →Bank Secrecy Act, FinCEN guidance, FATF Travel Rule — here is what AML/KYC requirements actually mean for token platform operators.
Read article →Every US state has its own securities law. Offering tokens to state residents may trigger notice filing or licensing requirements beyond federal compliance.
Read article →Holding user private keys creates regulatory obligations, security liability, and operational complexity. Here's why non-custodial is the right architecture.
Read article →Most DLT infrastructure operators are not exchanges — and that distinction determines your regulatory burden. Here's how to structure your platform correctly.
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