{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/regulatory-delay",
 "identifier": "kaal:entity:regulatory-delay",
 "name": "Regulatory delay",
 "termCode": "regulatory-delay",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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 "sha256": "305e2a1de98a521aa88a7740f959fcec86d84993278030e90554c7dcdb424e7b",
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   "value": [
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5454054-016",
   "identifier": "kaal:claim:5454054-016",
   "text": "LER scalability is limited by three identified risks: yield compression from rising interest rates, delays in the creation of binding regulatory safe harbors, and divergent national implementations of frameworks such as MiCA.",
   "abstract": "Risks that have the potential to limit LER scalability include yield compression from rising interest rates, as well as delays in the creation of binding regulatory safe harbors, and global variations under frameworks like the EU's MiCA.",
   "citation": "Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054",
   "datePublished": "2025",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [],
   "source_pdf_sha256": "9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5454054-037",
   "identifier": "kaal:claim:5454054-037",
   "text": "Regulatory uncertainty, in particular the timeline for SEC approval of the NASDAQ and Dinari tokenization frameworks, could delay LER implementation.",
   "abstract": "Regulatory uncertainties, such as the timeline for SEC approval for NASDAQ and Dinari frameworks could delay LER implementation.",
   "citation": "Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054",
   "datePublished": "2025",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "pending SEC approval of tokenized securities trading"
   ],
   "source_pdf_sha256": "9f53a865e6f0e5424640779df8f9b50923cd7d05649301dd4cc727144749b6e6",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'regulatory-delay'. Derived node: a roster, not an adjudicated definition."
}