[pavlov]

> "There appears to be no clear path forward for crypto exchanges to legally list new crypto tokens to the public."

That's American securities law. The exchanges can always sell these tokens to accredited investors, but that's not the business they want to be in, I guess.

Of the tokens you mention, Solana was a major component of Sam Bankman-Fried's fraud empire. You dismiss the consumer protection aspect, but clearly it would have been better for consumers if SBF and FTX/Alameda didn't have access to American retail investors through this token.

What I'm trying to say is, it's probably very hard right now to change securities laws in a direction that would make it easier for Americans to buy the kinds of tokens that SBF manipulated. That just seems like political reality.

[mattdesl]

Trying to prohibit citizens from something potentially risky is a poor approach to safety — we've seen it play out with alcohol, drugs, abstinence, etc. Another approach is creating new frameworks to engage and interact with these topics in a safe and secure manner. The SEC and US administration is taking the former approach.