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Fortune

Leo Schwartz

The new Coinbase blockchain is rife with scam tokens. Who should be responsible?

Coinbase blockchain Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Crypto CFTC

Brian Armstrong in suit speaking onstage (Credit: Carlos Jasso—Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.

Decentralization is a spectrum. Developers can talk all they want about their projects being governed by code, but not all blockchains and protocols are made equally.

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