Gensler's gone and the new crew has actually been pulling in people who've shipped real crypto products, so I'd bet this draft has more technical DNA than anything they've put out in the last four years.
Honestly this has been needed for a long time, but my first instinct is to watch closely who ends up shaping those rules. That part usually matters more than the update itself.
Top callers
?
Ranked by points from correct calls. Call within 2 hours for up to 3x points, and going against the crowd and winning earns up to 2x.
Who actually wrote the draft language, securities lawyers or anyone who's touched an actual smart contract?
Probably nobody who's ever paid a gas fee.
Gensler's gone and the new crew has actually been pulling in people who've shipped real crypto products, so I'd bet this draft has more technical DNA than anything they've put out in the last four years.