Appurtenant to my discussion on the legality of DeFI lending platforms – found here, I have compiled a state-by-state analysis of consumer lending laws. My argument here is that DeFI lending platforms, while permissionless and peer-to-peer, still fall under state and federal regulation and would be required to obtain the requisite licenses.
Growth Hacker & Risk Consultant To Businesses In High Risk Industries.
The Simple Agreement for Future Equity or “SAFE” agreement has become a popular means of investing in early stage ventures. The SAFE was created in part by the team at Y Combinator in an effort to address the problems posed by attempting to assign a valuation to early stage ventures – lack of data, operating history, revenues, etc. The theory behind the SAFE goes, in part, that a future “priced” funding round will accurately set a startup’s valuation and the discount typically applied to the investment made through SAFE will, in turn, accurately reflect the true valuation at which the SAFE investment was made.
Are aggrieved Initial Coin Offering investors resigned to their fate, or is there another reason? A rational legal analysis would suggest the existence of something other than investor apathy. With the SEC contemplating creating a “safe harbor” for Initial Coin Offerings, it is indeed a postulate worth investigating.