However, Microsoft and Valve (owner of Steam) have probably been unable to enter rewards-based blockchain games in the United States due to strict gambling laws in the state of Washington.steemCreated with Sketch.

in steemmicro •  2 years ago 

Additionally, other businesses need to exercise caution regarding the possibility that their crypto tokens could be regulated securities under federal law.
Zhang stated, "You can't live a day in Web3 games in the United States, certainly, without looking at the latest decisions and explorations by the SEC (Securities and Exchange Commission)."
Kim Kardashian was forced to pay a significant fine for promoting cryptocurrency without disclosing that she was paid to do so, and Yuga Labs, the operator of the Bored Ape Yacht Club franchise, has gotten into trouble with the SEC.
If digital ownership is Web3's power and promise, then how should NFTs and tokens be designed to provide value and ownership while not being considered securities?Zhang inquired.

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