They just made an interesting announcement from the CFTC, appointing Michael Passalacqua as senior advisor for cryptocurrencies. I mean, he's not just anyone—this guy comes from Simpson Thacher & Bartlett, where he handled blockchain cases and crypto litigation for years.

Usually, announcements like this mean they’re really serious about regulation. It’s not just talk; they’re putting experienced people on the team. Passalacqua knows litigation and understands how the industry works.

I wonder if this will change anything in the medium term or if it’s just the first step. Anyway, these specific appointment announcements usually indicate that the sector is entering a more serious regulatory phase. What do you think—is this a positive move or just another bureaucratic tactic?