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U.S. courts haven't yet decided whether Tezos will be certified as a class action lawsuit – which would leave the crypto project far more vulnerable – nor on whether the «tezzie» coins are securities subject to regulation or not.

Even if the class action question falls in Tezos' favor, «that could have a material effect on Tezos, because the ruling could be used against it by other people in other cases, and could have an impact on its ability to be listed on U.S. crypto-exchanges as a non-security,» Stephen Palley, a Washington D.C.-based partner with law firm Anderson Kill who is specialized in blockchain and crypto, told finews.com.

$35 Mln Dispersed

His exit paved the way for Tezos to rejuvenate its foundation board under Jesperson, who moved his wife and three children from Utah to Zug to take the job. Jesperson said he has overseen the dispersal of $35 million in grants and funding, to be spread over multiple years, to the Tezos community.

The financing is a bid to help Tezos bridge the gap between the technology and its real-world use. The foundation is also in the process of converting its ether and bitcoin, the main currencies its took in during its ICO, into legal tender. «We really want to diversify those assets and not have everything in crypto, and so we are in the process of going through a risk diversification strategy.»

With Tezos’ network up and running and investors receiving their tokens, is all well that ends well? Not quite: The dispute has clearly left scars on the Breitmans. «Swiss business culture is a load of shit,» Kathleen let loose to an interviewer from «Wired» in June.

«Cool as Fucking Cucumber»

The couple detailed in the tech publication and in subsequent Twitter skirmishes that it felt mistreated by «Reuters», which first reported the feud between Gevers and the Breitmans. The two also haven’t been shy about calling out peers such as Charles Hoskinson, a co-founder of ethereum who is going through his own version of a foundation dispute at Cardano, a crypto firm he founded last year.


Memorably, Kathleen told another interviewer last month that she had appeared «cool as a fucking cucumber» to others during the Tezos crisis. Her next project? A digital collectible card game based on Tezos.