Law & Policy

What do people think about LayerZero’s controversial Proof of Donation requirement?

Will this attract some regulatory heat? Or is it so obviously beneficial that enforcement action wouldn’t align with policy goals even if it’s blatantly unlawful?

What do people think about LayerZero’s controversial Proof of Donation requirement?

Will this attract some regulatory heat? Or is it so obviously beneficial that enforcement action wouldn’t align with policy goals even if it’s blatantly unlawful?

https://x.com/iamjackgale/status/1803774650100375915?s=46&t=liyIrwhTwJHsKt6kHxGxyg

Core Contributor at @beefy | Solicitor at Walker Morris | Commercial, Competition & Technology Law

I’m no securities lawyer so it’s just a guess, but I wonder if the fact that it’s a donation to another entity, and not Layer Zero, negates some of the risk.