Crypto is the digital finance revolution. Highly recommend a full read through of this speech by the SEC Chairman. Key takeaways & quotes from my readthrough: → SEC is committed to onshoring crypto. This marks the end of regulation by enforcement. With precise categorization of tokens, Americans will no longer be excluded from airdrops, ICOs, or participation in onchain protocols. → Fostering innovation: SEC is "contemplating an innovation exemption that would allow registrants and non-registrants to quickly go to market with new business models and services that do not neatly fit within our existing rules and regulations." → SEC recognizes that onchain protocols can operate with no intermediaries. "Decentralized finance and other forms of on-chain software systems will be part of our securities markets and not drowned out by duplicative or unnecessary regulation." → "Regulated super apps”: tradfi is coming for crypto just like crypto is coming for tradfi (w/ tokenized stocks). SEC is developing "a framework that will allow non-security crypto assets and crypto asset securities to be traded side-by-side on SEC-regulated platforms."