One of the biggest mistakes anyone in this community can make is to start pointing the regulatory finger at other projects. And I'm talking explicitly about the current FUD that "Securities and RWAs can't exist on L2s because the sequencer would have to register with the SEC." I know where this originated and pushed back immediately. It was always just a wild guess - there are no regulatory rules about any of this. The current regulators themselves have told us repeatedly that we should not jump to such conclusions before they go through their own process of figuring out how to best embrace this technology. More importantly, the reason why people should stop making this argument is how easily it can boomerang back on the rest of crypto under a less friendly policy environment. Specifically it can boomerang on every single DeFi dApp that's not fully open-source, autonomous, unupgradable, has a multi-sig, has a team that controls a lot of governance tokens, etc. A sequencer...
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