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Well, as it stands, I think it's a pretty positive change for the direction of cryptocurrencies. The less regulations and institutions intervene in cryptocurrencies, the more favorable it will be for free trade. Hedge funds, and as you said, startups, will need fewer regulations and oversights to operate.
I think the same thing should be declared and encouraged for other assets, such as XRP, DOT, etc.
Very interesting news, I really didn't know about it.