Technology
Inside Scoop: SEC Targeting Layer 2 Sequencers?
Word is the SEC is internally circulating a new memo regarding Layer 2 sequencers. My sources say they’re looking to reclassify decentralized sequencers as 'exchanges.' This could be a massive headach
Word is the SEC is internally circulating a new memo regarding Layer 2 sequencers. My sources say they’re looking to reclassify decentralized sequencers as 'exchanges.' This could be a massive headache for Base and Arbitrum if it goes public. Not many people know this yet, but the devs are already scrambling for a workaround. Keep an eye on L2 token volatility over the next 48 hours.