• Gabriel Shapiro advocates for ownership disclosure for large token holders.
• Pro-XRP lawyer John Deaton agrees with the idea.
• Deaton praises Ripple’s implementation of cryptographic escrow and transparent XRP reports.

In a recent tweet, Gabriel Shapiro, General Counsel at Delphi Labs, expressed support for a particular aspect of Know Your Customer (KYC) procedures in the crypto industry targeted at whales and large crypto holders.

Shapiro agreed that significant token holders should be required to disclose their identities and the percentage of the total supply they directly or indirectly possess or control. Drawing a parallel, he referred to this concept as “13D-style,” alluding to a similar mechanism used in traditional financial markets.

Shapiro’s tweet highlighted the challenges inherent in evaluating system security and centralizatio…

The post Lawyers Want Large Token Holders To Identify Themselves as in 13D-style appeared first on Coin Edition.

• Gabriel Shapiro advocates for ownership disclosure for large token holders.
• Pro-XRP lawyer John Deaton agrees with the idea.
• Deaton praises Ripple’s implementation of cryptographic escrow and transparent XRP reports.

In a recent tweet, Gabriel Shapiro, General Counsel at Delphi Labs, expressed support for a particular aspect of Know Your Customer (KYC) procedures in the crypto industry targeted at whales and large crypto holders.

Shapiro agreed that significant token holders should be required to disclose their identities and the percentage of the total supply they directly or indirectly possess or control. Drawing a parallel, he referred to this concept as “13D-style,” alluding to a similar mechanism used in traditional financial markets.

Shapiro’s tweet highlighted the challenges inherent in evaluating system security and centralizatio…

The post Lawyers Want Large Token Holders To Identify Themselves as in 13D-style appeared first on Coin Edition.