SEC Staff Clarifies When Token Voting Signals Centralized Control
Photo: Crypto Economy
TL;DR SEC staff says broad token-holder voting generally does not create a controlling group when participants are unaffiliated and lack arrangements to coordinate outside governance. Unilateral authority over access, validator participation, upgrade voting, code changes or transaction reversals can indicate that a central party oversees participation in a crypto system. The November 2 FAQs also ... Read more
Source: Crypto Economy
