[SnowProblem]

I wonder what red tape we're talking about. SEC regulates disclosures, but pretty sure NYSE and Nasdaq decide when to allow trading, halt trading, APIs, what gets listed, and more, and after you spend time in crypto on-chain trading, it all looks like BS. You wonder... Why can't I buy 24/7? What do you mean GME trading was halted 6 times today? I can't get out of a position because the market is limit down? I can't transparently see who is buying what and when in real-time? I can't earn multiple % per day providing liquidity? Just to name a few. I don't want any of this so-called protection. But my sense is it's going to be irrelevant soon anyway as stocks and commodities get bridged as on-chain tokens. Maybe there's still room for a more centralized exchange that's good for HFT since global blockchain networks will take hundreds of ms of latency to settle, but I don't know. On-chain trading on Solana is pretty great today and liquidity will pool together.

PS: There are so many shitty comments in this thread adding nothing of value. So you don't like Texas and have different political views. Fuck off. Some of us actually want to discuss this.