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EigenLayer, a crypto project, has prohibited U.S. residents from claiming its airdrop to avoid entanglements with U.S. securities laws. Despite this restriction, wallets associated with executives at Seattle's Eigen Labs have been involved in collecting and selling airdrops that explicitly ban U.S. residents. This situation highlights a broader issue within the crypto industry, where some projects attempt to geofence airdrops out of the U.S. to sidestep regulatory challenges. However, insiders, including legal professionals, continue to claim and sell these airdrops, potentially leading to future regulatory scrutiny.
INDIA’S CRYPTO REGULATION TAKES SHAPE India’s cryptocurrency scene is gearing up for a major shift as the Department of Economic Affairs (DEA) prepares to release a crucial consultation paper in the coming months. This paper aims to gather feedback on how to regulate the… https://t.co/ajPU05RrEL
INDIA’S CRYPTO SHAKE-UP: WHAT’S NEXT India’s about to drop a huge consultation paper on crypto, signaling a major shift. With a 30% tax on unrealized gains and a 1% TDS already in place, the country’s been playing it cool on direct trading regs. But this new paper will… https://t.co/yWNX8JZCPZ
Compliance experts should work with regulators to regulate crypto 👀, my latest for @Cointelegraph https://t.co/DQsxuZy6fl Thanks @emers0nian @fathomx_ @proofofwork1 @coinbase @binance for comments
