Law & Policy

MiCaR licensing costs and reserve requirements, which favor institutions over communities, force SocialFi creator coins off EU exchanges due to restrictive KYC rules.

LATAM’s securities law flexibility and the SEC’s enforcement ambiguity enable viable 50%/5-year vested creator models.

LatAm’s regulators could often tolerate legal SocialFi creator coins without formal classification as financial securities.

In the US and EU, the Clarity Act and MiCAR require tokens issued by influencers, brands, and artists to undergo costly scrutiny of economic substance despite crypto fun disclaimers.