"So much of this is within our existing authority." On this week's @CoinDesk Policy Protocol, Taylor Lindman Chief Counsel of the SEC's Crypto Task Force, joins @RebeccaRettig1 and @renato_mariotti to break down the innovation exemption, why the SEC isn't waiting on CLARITY, and how permissioned pools, non-custodial interfaces, and liquidity-provider relief all snap together. Chapters/Timecodes: 00:00 Welcome to The Policy Protocol 01:09 Hot Topic: CLARITY Stalls in the Senate 02:06 The Ethics Fight That Sank the Bill 03:28 Why the Regulators Are Now Leading 03:47 How Hard It Is to Undo a Rule 05:13 EU Rolls Back MiCA as the UK Pushes Ahead 05:52 The SEC and CFTC Roundtable Blitz 06:46 Taylor Linman, SEC Crypto Task Force, Joins 06:56 The Innovation Exemption and Its Reception 08:52 What the SEC Can Do Without Congress 11:11 Inside the 24/7 Trading Roundtable 12:00 Liquidity Providers, Dealers, and the Cold Start Problem 13:31 Piecing Together the Future of On-Chain Trading 16:17 Does Peirce's Exit Change the Task Force? 17:04 Debrief: Plumbing, Not Main Character Energy 18:28 Person of the Week: Demis Hassabis 20:05 Does AI Need Its Own Regulator?