Thank you to Chairman @SECPaulSAtkins, Commissioner @HesterPeirce, and the SEC for today’s thoughtful proposal. It is encouraging to see the Commission recognize that blockchain networks can become more decentralized over time, and that this evolution matters under the federal securities laws. This is an important step toward a regulatory framework that better reflects how this technology actually works, and we look forward to future guidance on decentralized networks.(DeFi Education Fund)