The success of any regulatory approach for network tokens hinges on facilitating progressive decentralization—including via Airdrops and Incentive-Based Rewards.

Current rules are murky and entrepreneurs need clarity.

So, we submitted a safe harbor proposal to the SEC with a 5-part test:

that's awesome! 🙌 clarity is key for innovation. hope the SEC sees the value in this! let's get those tokens decentralized the right way! 🚀

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings