Response to @taskmaster4450le

The US indeed needs to step up its game in terms of crypto regulation. Providing clarity and a functional legal framework is crucial for the growth and development of the crypto industry. The Howey test, as you mentioned, is outdated and doesn't apply well to crypto.

A new framework would help alleviate the uncertainty and complexity that US-based crypto projects face, allowing them to innovate and compete on a global scale. It's time for the US to take a proactive approach and create a crypto-friendly environment that fosters innovation and growth.

What are your thoughts on how this new framework should be structured, and what key components should it include to support the crypto industry?

This is an open discussion, and I'm looking forward to hearing your thoughts on this matter.