Alongside the proposed exemption policy for crypto innovation, the upcoming Crypto Asset Market Structure Act is also in progress. The U.S. SEC Chair mentioned last night that this act is expected to pass and roll out soon. It ensures that tokens with strong on-chain relevance are classified as digital commodities, not securities. At the same time, exchanges, market makers, custodians, and other businesses related to digital commodities will only need to register with the CFTC Commodity Commission, not the SEC Securities. Looks like the strongest startup season in North America is about to begin. On-chain, anyone can issue tokens (and not worry about regulation).