kaal:claim:3411110-029

The SEC's reasoning against the Bitcoin ETF does not transfer to blockchain based private investment funds such as those built on Melonport, because such funds trade a diverse array of cryptocurrencies and reach a much more limited and accredited audience, which curtails investor risk.

Source quote, verbatim

Moreover, the audience of a Melonport-type fund is much more limited and curtails the risk to investors.

From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), V.1 SEC, p. 23
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when

private investment funds limited to accredited investors
funds trading diversified crypto portfolios rather than Bitcoin alone

Classification

mechanismsupport: arguedsystemic-risksmart-contracts

Verify

The quote above is an exact substring of the source PDF, whose sha256 is c7626eeb7642045b79f8745df1f7232a8fe8bc44a1f7e87b592850e35b392b50. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/c360e9c1afffcfc3...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3411110-029.md | sha256sum