The SEC and CFTC are delivering a set of tools.
Reg Crypto was the first: a fundraising exemption for token issuers (i.e, legalizing ICOs).
That's a tool that previous token projects didn't have, at least without taking on a serious deal of legal risk.
The innovation exemption for tokenized securities venues today is another.
A new generation of entrepreneurs will look at these tools with fresh eyes, and realize they solve big problems.
They'll probably wonder why older, more tired incumbents are leaving those tools on the floor.
Then they'll pick them up, and fix stuff.
This played out in the internet, it will happen in crypto today, and it will pave the way for the strongest era we've seen yet.
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