Hey, we're doing an event tomorrow for web3 builders launching a token in 2025 focusing on biggest mistakes to avoid in tokenomics and legal compliance. Join us here: https://lu.ma/39am6xsl
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Hey everyone, I’m sure you’ve seen the key things happening in the web3 legal landscape, but if not, here are some of the developments that I think are worth noting: 1/ SEC's expanding definition of securities. In a lawsuit against Cumberland DRW, the SEC labeled Polygon's POL, Solana's SOL, and an undefined list of other cryptocurrencies as securities. This broad approach could have far-reaching implications for many projects in the space as it’s not clear who might fall onto that list. 2/ Global regulatory shifts. Seychelles has implemented a new VASP framework, aligning with international standards. Meanwhile, the UAE is attracting crypto businesses with VAT exemptions on crypto transfers and conversions. These moves highlight the growing competition among jurisdictions to become crypto-friendly hubs. Also, Seychelles has been a home for many web3 projects, so now they need to either review their legal setups or apply for a license in a short period of time.
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Many projects are now using meme tokens in their go-to-market strategy. While these tokens often have lack utilities and are used for entertainment, I would suggest founders to consider a few aspects of such launches that might help mitigate legal and compliance risks. So I've put together a checklist for meme token launches that might be helpful to founders launching soon. (not legal advice!)
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