Blockchain know-how functions contain a variety of completely different gamers interacting with each other as they play particular roles within the blockchain ecosystem. However as a result of blockchain know-how remains to be comparatively new, the legislation nonetheless isn’t effectively developed relating to many facets of how these gamers might—or should not—work together with each other as they carry out these roles.
A current Justice of the Peace decide ruling in a dispute over actions taken by varied events in reference to a cryptocurrency “fork” addressed the query of whether or not these events’ conduct constituted anticompetitive exercise barred by federal antitrust legislation. United American v. Bitmain, 2021 U.S. Dist. LEXIS 69525 (S.D. Fla. March 31, 2021), centered round a declare that a variety of completely different defendants—who every occupied varied roles with respect to the cryptocurrency Bitcoin Money—had violated §1 of the Sherman Act (15 U.S.C. §1), by allegedly getting into into an anticompetitive settlement to govern an alleged Bitcoin Money market and take management of the Bitcoin Money blockchain as Bitcoin Money was about to “fork” into two separate cryptocurrency blockchains.