drew

As a matter of personal belief I don't think crypto miners/node maintainers should have to register as dealers, but the level of freakout feels disproportionate to me... How many of you actually have racks of asics/GPUs cooking on US soil? Most hashrate isn't US based anyway

I think the implications for defi are a little scarier, considering that some of the biggest ~decentralized~ projects have entities behind them which are backed by US VC's

Yeah that's fair, but presumably a DEX node maintainer probably ought to be a broker dealer?

Well the typical dex just runs on the same blockchain as everything else so the node maintainers are just the miners/validators, but whether the dex programmers qualify as broker dealers is an interesting debate.