The SEC's Howey Test Applied to Smart Contracts: Why Your Yield Farming Vault Is Now a Security
The code doesn't lie. But the law? It interprets. And when a SEC commissioner...
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The code doesn't lie. But the law? It interprets. And when a SEC commissioner...
The SEC just drew a line in the sand for DeFi vaults—and the first blood is...
Fear
Market Sentiment
Block reward reduced to 3.125 BTC
92 million ARB released
Circulating supply increases by about 2%
Independent validator client goes live on mainnet
Team and early investor shares released
Raises validator limit and account abstraction
Improves data availability sampling efficiency
Block reward halving event
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