{
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 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/positions/2026-07-31-6492",
 "identifier": "kaal:position:2026-07-31-6492",
 "additionalType": "https://wulfkaal.github.io/positions/schema.json#AffirmedPositionClaim",
 "name": "Streaming Cryptocurrency And The Sec How A Piecemeal Approach To Regulating New Te A3E86D204B",
 "text": "Cryptocurrency and the SEC: How a Piecemeal Approach to Regulating New Technology Selectively Stifles Innovation presents the following source proposition: While some cryptocurrencies, like those involved in capital-raising via initial coin offerings (ICOs), do indeed seem like securities, others do not. This proposition is pertinent to Kaal's source-bound claim that Initial coin offerings have overtaken venture capital as a funding channel for blockchain start ups, raising 331 million dollars in twelve months, and may become an alternative funding method for traditional companies as well. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "datePublished": "2026-07-31",
 "dateModified": "2026-07-31",
 "creativeWorkStatus": "Affirmed",
 "responseType": "extension",
 "keywords": [
  "securities-law",
  "tokenomics",
  "innovation",
  "historical-response",
  "scholarly-literature",
  "openalex"
 ],
 "scope_conditions": [
  "The response is limited to the retrieved source proposition and mapped Kaal claim unless fuller source review supports a broader conclusion.",
  "External evidence level: abstract indexed.",
  "Mapping review tier: moderate-confidence claim review.",
  "Primary mapping confidence: 0.4315.",
  "The source-to-claim mapping remains explicitly ambiguous and is published with that limitation."
 ],
 "currentDebate": {
  "name": "Cryptocurrency and the SEC: How a Piecemeal Approach to Regulating New Technology Selectively Stifles Innovation",
  "url": "https://opencommons.uconn.edu/law_review/434"
 },
 "extends": {
  "identifier": "kaal:claim:3002908-039",
  "url": "https://wulfkaal.github.io/claims/3002908-039",
  "citation": "Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908",
  "paper": "Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and",
  "authors": [
   "Wulf A. Kaal"
  ],
  "year": "2017",
  "ssrn": "https://ssrn.com/abstract=3002908",
  "source_pdf_sha256": "06a7b61e75f905ee07e422e875d83a65c5033a248a6e05a213523b034e5db534"
 },
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  {
   "@id": "https://wulfkaal.github.io/claims/3002908-039"
  },
  {
   "@type": "CreativeWork",
   "name": "Cryptocurrency and the SEC: How a Piecemeal Approach to Regulating New Technology Selectively Stifles Innovation",
   "url": "https://opencommons.uconn.edu/law_review/434"
  }
 ],
 "batch_id": "kaal-review:2026-07-31:streaming-etl-0004",
 "review_provenance": "https://kaal-signal-desk.wulf577462.chatgpt.site/#review",
 "publicationStatus": "public",
 "recordTypeNote": "Dated commentary position extending a scholarly corpus claim. Not a verbatim claim extracted from the paper.",
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/positions/index.json"
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 "version": "1.0",
 "canonical_url": "https://wulfkaal.github.io/positions/2026-07-31-6492",
 "canonicalForm": "https://wulfkaal.github.io/positions/2026-07-31-6492.md",
 "candidateId": "kaal:response-draft:2026-07-31:e0deaadc0a35055b94e8",
 "evidenceLevel": "abstract indexed",
 "reviewTier": "moderate-confidence claim review",
 "mappingConfidence": 0.4315,
 "mappingAmbiguous": true,
 "mappingMethod": "idf-weighted multi-field mapping v1",
 "mappingWhyRelevant": "Shared high-information concepts: innovation, capital, raising, initial, coin, offerings, icos, securities. Scope: twelve month window reported as of mid 2017.",
 "sourceProvenance": {
  "source": "openalex",
  "sourceRecordId": "https://openalex.org/W3087992443",
  "queryId": "concept:ee778ad15ea3",
  "queryText": "decentralized autonomous organization",
  "canonicalUrl": "https://opencommons.uconn.edu/law_review/434",
  "doi": null,
  "externalIds": {
   "OpenAlex": "https://openalex.org/W3087992443",
   "MAG": "3087992443"
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  "retrievedAt": "2026-07-31T17:52:23.474Z",
  "providerPage": 22,
  "rawObservationSha256": "28f1153671fc83bf61c714a5e96fab5a3ac3e1544d3520ec463225abed8885ca",
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  "chunkId": "openalex-00007",
  "workId": "work:openalex:https://openalex.org/W3087992443",
  "workAuthors": [
   "Adam Kuegler"
  ],
  "workPublishedAt": "2020-01-01",
  "identityKeys": [
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   "openalex:https://openalex.org/w3087992443",
   "url:https://opencommons.uconn.edu/law_review/434",
   "title:b1e0509bfa9ed537dbe1b789",
   "proposition:da4deb4bf7169fdd5140609a99758166ff7870ca54c5122efa07cceff9ad3ea3"
  ],
  "sourceProposition": "While some cryptocurrencies, like those involved in capital-raising via initial coin offerings (ICOs), do indeed seem like securities, others do not.",
  "sourcePropositionSha256": "d396941fdbfcbefd5b785b915ecdd366432bce95c150c0a0d7c60fc3fa18df5f",
  "sourcePropositionIndex": 2,
  "claimMappings": [
   {
    "claimId": "kaal:claim:3002908-039",
    "claimUrl": "https://wulfkaal.github.io/claims/3002908-039",
    "rank": 1,
    "confidence": 0.4315,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: innovation, capital, raising, initial, coin, offerings, icos, securities. Scope: twelve month window reported as of mid 2017.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3067615-014",
    "claimUrl": "https://wulfkaal.github.io/claims/3067615-014",
    "rank": 2,
    "confidence": 0.4235,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: innovation, capital, via, initial, coin, offerings, icos, securities. Scope: second quarter of 2017; crypto and blockchain start-up financing.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3067615-015",
    "claimUrl": "https://wulfkaal.github.io/claims/3067615-015",
    "rank": 3,
    "confidence": 0.4189,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: innovation, capital, via, initial, coin, offerings, icos, economics. Scope: crypto start-up financing after the second quarter of 2017.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3962614-017",
    "claimUrl": "https://wulfkaal.github.io/claims/3962614-017",
    "rank": 4,
    "confidence": 0.4187,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: innovation, capital, initial, coin, offerings, icos, securities, business. Scope: the 2019 market cycle peak.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3606663-002",
    "claimUrl": "https://wulfkaal.github.io/claims/3606663-002",
    "rank": 5,
    "confidence": 0.4162,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: innovation, initial, coin, offerings, icos, securities, economics, digital. Scope: digital asset and blockchain startups; 2016 to early 2020s.",
    "ambiguous": true
   }
  ]
 },
 "userAffirmation": "I affirm batch kaal-review:2026-07-31:streaming-etl-0004, SHA-256 76656a95748a5e70056673ed7e170eaf52eb7b843129dad96311bc6e84b0ce9f, as written and authorize publication of all 250 response claims on my canonical property, preserving their evidence levels, ambiguity labels, provenance, and the unchanged 5,033 scholarly claims.",
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}