Variant Chief Legal Officer: Public chains are still the regulatory standard for product development.

Golden Finance reports that Jake Chervinsky, Chief Legal Officer of Variant Fund, stated that despite the recent emergence of enterprise-controlled L1 networks, decentralized public chains remain the regulatory standard for product development. Chervinsky pointed out on the social media platform X that, from a regulatory perspective, many companies' newly built L1s for specific product reasons are unnecessary and unhelpful. He emphasized that currently, no U.S. regulatory agency requires licensed validator sets or built-in compliance tools, and Congress has not seriously considered such legislation.