> ## Documentation Index
> Fetch the complete documentation index at: https://docs.seednode.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Risk & Compliance

> What's in scope today, and what gates Phase 2 and beyond

## 8.1 V1 (Reputation Display + Perks)

Reads only public on-chain data; makes no real credit decisions. Compliance burden is comparatively low — the main risks are data accuracy and user experience, not financial regulation.

## 8.2 From Phase 2 (Lending / Credit Decisions)

Once the product genuinely affects consumers' credit terms, U.S. fair-lending law (ECOA), credit-reporting regulation (FCRA), and licensing requirements in relevant jurisdictions come into scope.

> [!WARNING]
>
> Any feature that genuinely affects consumer credit decisions requires professional legal advice before launch — "move fast and fix it later" is not an acceptable path here.

## 8.3 Token-Related

Any future token issuance requires securities-law analysis (e.g., the U.S. Howey Test). This whitepaper is not a prospectus or investment commitment in any jurisdiction.


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