KEY POINTS
- The lawmakers pointed out that intangible rewards from other companies don't invoke the Howey Test
- They said the SEC's approach to regulation is making decentralization impossible
- They also slammed Gensler's leadership and the SEC's 'unwillingness' to establish a regulatory framework
Crypto token airdrops are some of the most exciting events in the digital assets space as community members await token cuts for their early participation in a blockchain network. However, there is growing concern about regulatory hurdles potentially affecting the future of token airdrops.
