Tulip Trading And Its Potentially Atrophying Effect On Crypto Networks - James Ramsden King's Counsel for the Developer Defendants looks at the Good, the Bad & the Ugly w/ Jonny Fry and James Tylee.

This week, on a very special "Blossom..." No, wait, this is Digital Bytes and we have James Ramsden who is the King's Counsel for the Developers Defendents in the Tulip Trading Lawsuit. The law, uncertainty and some painful choices potentially facing crypto developers and, indeed, others who write software code. The Court of Appeal indicated that if De-Fi is a “myth” it could more easily see how the fiduciary duties and duties of care alleged by Tulip could be established. The corollary of that must be that if De-Fi is not a “myth” then those duties are highly unlikely to exist. This is therefore a critical moment for De-Fi and its regulation. If the UK government and courts don’t deliver certainty, and fast, will other jurisdictions step in and become safer havens for software developers to reside?