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Alex Thorn: Language now prohibits reward payments on third party crypto platforms
Alex Thorn, industry influencer, highlights updates in regulations impacting crypto platforms. New language extends the prohibition on reward payments beyond issuers to include third party platforms such as crypto exchanges.
He adds that stablecoin yield cannot be paid solely for holding idle balances or in an economically or functionally equivalent way to bank deposits.
Thorn previously discussed controversy over war-related prediction markets on Polymarket, citing industry rivalry and market reaction in his analysis of the topic here. He also observed that cycle 4 is seeing much lower performance compared to prior cycles, raising questions around emerging trends in crypto markets here. These earlier comments continue to shape industry attention on regulatory and market developments.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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