In the EtherDelta case, Dilendorf said, ”the [SEC] said, ‘Hey, you know, we don’t really care if you’re decentralized or not, it’s irrelevant. You launched something that was illegal, the exchange was operated as an unregistered securities exchange, so you, as the founder, are liable.”
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- Source: https://www.coindesk.com/policy/2023/02/23/dapper-labs-ruling-could-spell-trouble-for-other-centralized-nft-projects-experts-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines