Token

Coin

<ul class="news-points"> 
 <li><strong>Gabriel Shapiro advocates for ownership disclosure for large token holders.</strong></li> 
 <li><strong>Pro-XRP lawyer John Deaton agrees with the idea.</strong></li> 
 <li><strong>Deaton praises Ripple’s implementation of cryptographic escrow and transparent XRP reports.</strong></li> 
</ul> 
<p>In a recent tweet, Gabriel Shapiro, General Counsel at Delphi Labs, expressed support for a particular aspect of Know Your Customer (KYC) procedures in the crypto industry targeted at whales and large crypto holders.</p> 
<p>Shapiro agreed that significant token holders should be required to disclose their identities and the percentage of the total supply they directly or indirectly possess or control. Drawing a parallel, he referred to this concept as “13D-style,” alluding to a similar mechanism used in traditional financial markets.</p> 
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   <p lang="en" dir="ltr">one of the few crypto KYC-ish things I agree with is the idea that very large token holders should have to identify themselves and what % of total supply they directly/indirectly own/control, like 13D-style<br><br>otherwise difficult to truly assess system security/centralization…</p>— _gabrielShapir0 (@lex_node) <a href="https://twitter.com/lex_node/status/1678156239962767360?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 9, 2023</a>
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<p>Shapiro’s tweet highlighted the challenges inherent in evaluating system security and centralizatio…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/lawyers-want-large-token-holders-to-identify-themselves-as-in-13d-style/">Lawyers Want Large Token Holders To Identify Themselves as in 13D-style</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Lawyers Want Large Token Holders To Identify Themselves as in 13D-style

Coin Edition

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