Decentralized Finance

Legal coverage of decentralized finance (DeFi), including smart contracts, decentralized exchanges, lending and staking protocols, stablecoins, token launches, and DAO governance. Topics include regulatory compliance (securities, commodities, banking, money transmission, AML/KYC), consumer and data protection, taxation, licensing, enforcement risk, and liability for developers, operators, and users.

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Tornado Cash, Sanctions, and You – What the Latest Ruling Changed

Tornado Cash, Sanctions, and You – What the Latest Ruling Changed

A federal court ruling has narrowed the scope of U.S. sanctions as applied to Tornado Cash by distinguishing between immutable smart contracts and sanctionable persons or entities. This change affects how developers, users, and intermediaries assess OFAC compliance when interacting with decentralized protocols. This article explains what the court held, what conduct may still trigger […]
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