X @Bankless

Should @base be regulated like the Nasdaq exchange?Here's what @coinbase CLO @iampaulgrewal has to say:“Base is just a normal blockchain… Yes it’s a layer2. But that doesn’t change its relationship to securities laws.”“We are not matching buyers and sellers of securities… We are just a… blockchain layer.”The matching happens in apps (the AMM/CLOB/auction), not the L2.Layer2s shouldn't be regulated like exchanges. ...