To Ryan’s point, providing meaningful, long-lasting crypto regulation isn’t rocket science. We have an opportunity to create a regulatory framework that can remain in effect, regardless of who wins in 2028, or more immediately, the 2026 Midterms. 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. Spell out what constitutes a digital security 🆚 a digital commodity, defining agency jurisdiction. 3. Centralized Exchange Oversight. Require centralized exchanges to segregate customer funds, preventing the commingling of corporate and customer assets; legislation ensuring customer funds are protected in bankruptcy proceedings, never to be treated as assets of the bankrupt entity; mandate exchanges to maintain 100% reserves, proven on chain, in real time; ban the rehypothecation of customer funds, preventing hidden risks and contagion in the industry; and, imposing limits and safeguards on leverage trading, limiting over-excessive risk. 4. 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 Reverse outdated policies that treat the use of crypto as currency as a taxable event.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. Accept payment of federal taxes in Crypto without incurring capital gains, or capping the amount (e.g. 10%). A fraction of a percent could go into the Strategic Reserve or Digital Asset Stockpile. 5. Reform/Abolish the Accredited Investor Rule. A year from now, we will be in full midterm election season and we can’t afford to lose the opportunity to implement pro-innovation pro-growth policies within a clear regulatory framework and thus, stop going from one extreme to the other, depending on who’s in the Whitehouse.