Following the call from Commissioner Hester M. Peirce and the U.S. Securities and Exchange Commission (SEC) Crypto Task Force, Cardano Foundation has contributed to the U.S. SEC Crypto Task Force questionnaire. As the regulatory landscape evolves, we believe there is a way forward—one that fosters innovation, clarity, and global interoperability. Our submission advocates for some key pillars: ✅ A functional, risk-based taxonomy, avoiding decentralization as a legal criteria in determining whether a blockchain asset is a security for U.S. federal security law purposes ✅ Greater global interoperability by aligning U.S. frameworks with those of other jurisdictions such as MiCAR in the EU ✅ A technology-neutral approach to tokenization, emphasizing its potential to enhance market efficiency and transparency ✅ Introduces a constructive perspective on outsourcing, proposing a proportionate, function-focused model for public, permissionless infrastructures like Cardano Read our full submission here: https://www.linkedin.com/posts/cardano-foundation_us-sec-crypto-task-force-cardano-foundation-activity-7321200990865575938-WHQZ/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAZrZUQBN8-sIVDfuRgb4AAbJ3ztLwYgjOY