Variant Fund Chief Legal Officer Jake Chervinsky said that despite the recent emergence of enterprise-controlled L1 networks, decentralized public blockchains remain the regulatory standard for product development.
Chervinsky pointed out on social media platform X that the new L1s that many companies are building for specific product reasons are "unnecessary" and "unhelpful" from a regulatory perspective. He stressed that no U.S. regulator currently requires licensed validator sets or built-in compliance tools, and Congress has not seriously considered such legislation.
Variant's Chief Legal Officer: Public blockchains remain the regulatory standard for product development
2025-09-06 01:16:16
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