Sonic Labs (formerly Phantom) co-founder Andre Cronje recently told X that after "having been in communication with regulators like the SEC for about two years, I think crypto developers now have two options: either stick to the principles of decentralization and protocol immutability while avoiding scrutiny from regulators without compensation, or get a regulatory license and maintain it while improving the protocol. For most developers, the choice is pretty easy."
SonicLabs Founder: “Regulatory Compliance vs. Uncompensated Dedication… The Crypto Developer Dilemma”
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