Prior to L2 inception, app founders could simply deploy on the Ethereum mainnet without needing to question the user base since users lived universally in one, singular blockchain world. Now, however, modular blockchains have introduced over time a world of unlimited architecture possibilities leading to chains becoming tailored to niche vertical interests within a single, independent state or app-specific chain.
FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant
However, after the CFTC filed suit against Binance its former CEO, Changpeng “CZ” Zhao for similar offenses in March 2023,...