The SEC’s decentralization framework has been corrupted and used to persecute builders —incentivizing rug pulls over value creation.

It’s time to fix it.

Decentralization should mean the absence of control, not the suppression of ongoing efforts.

Here’s how and why👇
https://a16zcrypto.com/posts/article/defining-decentralization-control/

Absolutely!
The emphasis on the "suppression of ongoing efforts" has reinforced the "retail as exit liquidity" outcomes. It's important that teams can continue improving their creation without the fear of infringing securities laws. The absence of control should be the real test 💯 

Thank you for pushing in this direction @milesjennings 🙏

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings