As I said during the @Crypto_TownHall spaces with @scottmelker this morning, we must FIRST focus on issues we agree on, then tackle issues like a SBR. For example, we ALL agree that we shouldn’t be applying a 1946 Supreme Court case involving 🍊 groves to modern day technologies like Crypto & AI. Let’s change that. Here are other things I beleive @DavidSacks and @BoHines, possibly with the help of @bgarlinghouse @brian_armstrong @IOHK_Charles, or anyone else rumored to be considered for a seat on the White House Crypto Council, should focus on first: 1. Stablecoin Legislation. Create a framework that drives demand for U.S. Treasuries while reducing friction and fees for cross-border payments, allowing stablecoins to serve as reliable financial tools for global commerce and inclusion. 2. Market Structure Reform. Grant clear authority to the CFTC to oversee digital assets while establishing definitive guidelines for when a token constitutes a security and thus, governed by the SEC. 3. Centralized Exchange Oversight. Require centralized exchanges to segregate customer funds, preventing any commingling with corporate assets; introduce legislation to ensure customer funds are legally protected in bankruptcy proceedings, never to be treated as assets of the bankrupt entity; mandate exchanges to maintain 100% reserves; ban the rehypothecation of customer funds, preventing hidden risks and contagion in the industry; and, imposing limits and safeguards on leverage trading to prevent retail investors from being wiped out by excessive risk. 5. Tax Policy Reform. Reverse outdated policies that treat the use of crypto as currency as a taxable event. Small, everyday transactions should not trigger capital gains taxes. 6. Abolish or greatly reform the Accredited Investor Rule. For instance, if you can serve in the United States Military and potentially die for your country, you should be able to own pre-IPO shares of private equity, without being a millionaire. After the above issues are dealt with, then push for a SBR 🆚 SCR and let the fighting and emergency press conferences continue. But first things first please. We have 100-200 days to get something meaningful done, just in case midterms go a different direction and we get @ewarren as the Senate Banking Committee Chairwoman two years from now. ⏰ I believe, in the meantime, we can also establish a SBR-lite. @realDonaldTrump, via EO, can have the U.S. Marshals, and other federal agencies, place the 200K BTC in a cryptographic escrow that only unlocks in a specified period (eg 20 years). We could allow U.S. citizens to pay federal taxes in BTC (and possibly other cryptos) and a certain percentage of that tax revenue is then added to the government’s escrow. This would establish a de facto SBR while other legislative initiatives are argued within the Congress. That’s my two cents.