Jesse Powell

@jespow ↗

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Last Checked April 3, 2023

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Mon Feb 13 14:17:54 +0000 2023

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Jesse Powell @jespow

@0xcyp @lex_node And the program is also not allowed to charge a variable fee for this service? Not allowed to pay any user retention incentives in the event of it being responsible for the failure that led to the slashing? Most SaaS offer some uptime guarantee/SLA with compensation. — PolitiTweet.org

Posted Feb. 13, 2023

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Jesse Powell @jespow

@lex_node I think the SEC's view is that if the user delegated their coins to you and you gave them more coins back without them "working", that's a security. Unfortunately, we are still left guessing about where the line is. Maybe someone with deeper pockets will invest in finding answer. — PolitiTweet.org

Posted Feb. 13, 2023

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Jesse Powell @jespow

@0xcyp @lex_node It might but the SEC won't say. There is zero guidance, zero collaboration, zero interest in helping anyone develop a compliant product. Maybe we'll be able to reverse engineer their logic based on who else they go after. — PolitiTweet.org

Posted Feb. 13, 2023