US Crypto Users Finding Ways to Claim Tokens Despite Exclusion from Airdrops
Many cryptocurrency projects exclude U.S. residents from token airdrops due to legal caution. However, U.S. crypto users often find ways to claim tokens anyway, which lawyers say may undermine efforts to avoid U.S. jurisdiction. Cryptocurrency startups face a paradox in the U.S. as they need to tap into the tech-savvy American workforce but also avoid running afoul of tough financial regulations. EigenLayer, a popular Ethereum project, employed U.S. developers through a U.S. company while issuing its EIGEN token from an island outside of U.S. securities and tax laws.
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