According to online reports, Jake Chervinsky, chief legal officer of Variant Fund, said that despite the recent emergence of corporate-controlled L1 networks, decentralized public chains are still the regulatory standard for product development. Chervinsky pointed out on social media platform X that from a regulatory perspective, the new L1s built by many companies for product-specific reasons are "unnecessary" and "unhelpful." He emphasized that no U.S. regulatory agency currently requires licensing verifier sets or built-in compliance tools, and Congress has not seriously considered such legislation.