Blockstack crypto bonus

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Blockstack has always argued that the Stacks token is a utility token—one that is genuinely useful and is not traded for purely speculative purposes—a common defense that crypto companies use when arguing that a coin is not a security. Yet many companies who claim that their token is a utility token have been sued by the US Securities and Exchange Commission, which argues that the companies, such as Block.

Almost all of the companies settled with the SEC. So, Blockstack always treated the Stacks token as a security under US law, just to be extra careful. This independent legal analysis will help too, said Ali. With the launch of Stacks 2. Ali argued that the reporting will keep the SEC on its side. After the launch, Blockstack will rebrand itself to HIRO, will not run a node and will only develop tools atop the Blockstack network. Blockstack is a very active community that has been in existence since Blockstack has been through the Y-Combinator programme in and has a large team with deep professional expertise.

There are over 7, members in the community and an active Slack channel with over 4, members. There are also meetups organised by the community in over 23 countries. The technology Blockstack uses actually works with the lower layers of centralized internet protocols but decentralizes the application layer.

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