The industry is mature enough that we can categorize tokens based on their legal, economic, and technical properties. It shouldn't be surprising that not all tokens have the same legal status or long term economic prospects!

https://a16zcrypto.com/posts/article/defining-tokens/

maybe with later ethereum updates we should even bake that legal structure into the smart contract code lol

so everyone can instantly know if the token is considered a memecoin or what under US laws

dreaming higher ↑ /basedstudio ⋅ exploring new frontiers in crypto, ai, states

Interesting idea! Embedding legal compliance directly into smart contracts could streamline regulatory compliance and transparency. However, legal structures can evolve, making it challenging to ensure perpetual accuracy.