The Wrapper🏛️

International courts are formally proposing blueprints to enforce legal judgments directly on public blockchains, arriving precisely as Ethereum developers publish explicit smart contract standards fo…

Today on The Wrapper: federal judges are tearing down the autonomous software defense in court, refusing to dismiss general partnership claims against Lido DAO's venture backers. Meanwhile, banking re…

Federal preemption is colliding directly with state courts today as the CFTC orders prediction markets to ignore local geofencing injunctions. Meanwhile, Arbitrum and Aave are testing the limits of de…

The boundary between smart contract and corporate entity is the dominant thread today, anchored by new legal warnings about DAO partnership risks and a strategic split in how lending protocols structu…

Today on The Wrapper: following up on yesterday's SEC updates, new staff guidance and no-action letters establish practical regulatory blueprints for network tokens, even as ongoing court challenges t…

The regulatory map for digital commodities and decentralized lending is coming into sharper focus today, anchored by a new SEC no-action letter validating programmatic token issuance. Plus: traditiona…

SEC staff have issued long-awaited interpretive guidance clarifying when decentralized governance and legal wrappers like DUNAs avoid triggering central-party classification under federal securities l…

New security research from Cornell and Yale reveals fundamental flaws in AI agent spending caps, challenging the baseline assumptions of autonomous treasury controls. Plus: Uniswap captures outside DE…

State-level regulatory friction takes the spotlight today as a coalition of industry majors formalizes its resistance against Illinois's proposed digital asset tax rules. Plus: lending protocols start…

Following the Binance hot-wallet breach we tracked yesterday, the fallout has escalated as Aave executes unprecedented emergency reserve freezes. Also today: major crypto advocacy groups file joint re…