Paradigm Operations LP has submitted a proposal to the SEC Crypto Task Force, seeking regulatory clarity on the status of airdrops in the crypto market. Airdrops, which involve distributing digital assets for free or in exchange for minimal actions, have raised concerns about whether they should be classified as securities offerings. Paradigm's proposal asks for clear guidelines to help industry participants navigate the legal status of these distributions under US securities laws. The proposal suggests that airdrops should not be considered securities offers if certain conditions are met, and provides practical examples to support this argument. Paradigm emphasizes the need for regulatory clarity to promote the continued growth of the crypto industry.



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