You are accepting the broadest possible application narrative.
The law is ambiguous so that interpretation and enforcement can evolve with a rapidly changing field. As always, the courts will weigh in on this eventually.
The law is ambiguous so that interpretation and enforcement can evolve with a rapidly changing field. As always, the courts will weigh in on this eventually.
I think it's more likely that changes are made to that part of the bill to make it more specific before it reaches the courts.
Think things like Uniswap and a bunch of other Defi players.
They always put out literature on how to comply and give companies time to do so.
So they won't go after anyone as long as they abide by the laws