On it :). Both have already done public distros so would fall under the transition relief prong. They would look to the maturity test to see if they could simultaneously exit out of the safe harbor (stop disclosures/reporting etc) and would have retroactive relief from SEC enforcement on their past public sale/launch at exit if they hit the reqs....

So - now that we have some hope with the change in admin, we can work for an SEC safe harbor for distros to help solve some of the problems Cobie identified (like was proposed years ago with Reg X. What should we be pushing for w/r/t to airdrops in terms of a safe harbor to align a regulatory framework with good incentive design?

If anyone uses the tool, let me know how it went for you - there is a team still working on improvements.

Thanks to lawyer frens @MeatEsq and @larryflorio for letting me bounce this post off of you and for the helpful edits.

I think the pressure has been mounting. I think we saw Warren pivot this year when her anti-crypto messaging wasnt resonating with her constituents... so that is something. We definitely have our work cut out to fight political apathy among younger voters to make more noise from a grassroots perspective (the pro-crypto crowd has historically been especially apathetic/down on politics) ... I think another issue historically is the space hasnt been in a position to coordinate as well as other industries (decentralized/competing factions) but over the last 1-2 years there have been more advocacy orgs working on this - including letter writing infra to make it easier to let your reps know how you feel with minimal effort. For instance, Coinbase put together resources like this: Coinbase legislative portal where you can look up and email your rep to support crypto.

Yea there are some really interesting dynamics at play - I think there are some really compelling arguments for crypto for dems, especially from an antitrust perspective and a hedge against too big to fail (should get traction with the anti-big bank crowd)... but these haven't taken hold. I think the biggest division is ultimately going to be age rather than political party though - the younger dems get it (Torres is pretty much becoming a champion) and others are coming on board... it is the older reps - some want immediate use cases (not potential ones) that help their constituents (read: the lower/middle-class, single moms, farmers, union workers etc) to get them on board and others are part of this contingent in the Biden admin that are fiercely anti-tech/finance and want the US to return to being an industrial power (reclaim worker/union votes) -- this group has done the most harm to crypto and is aligned with Gensler.