The SEC's new "Project Crypto" is the most bullish thing I've seen in a long time from a regulator. Read the speech, it's incredible: * Almost all tokens are not securities * Want to discourage decentralization kabuki theater * Americans should not get excluded by IP/VPN blocks * Explicit exemptions for ICOs, airdrops, etc. * Non-securities should be tradeable alongside securities on the same platforms * Protect software engineers * Streamline licensing requirements * "Innovation exemption" to protect builders pre-decentralization Wow. Wow wow wow.