The SEC and CFTC have drawn a "red line" in crypto—and it's a game-changer.

For those building a token-based product in the US: uncertainty has diminished. The SEC has issued an interpretation of the application of laws to cryptoassets, and the CFTC has promised coordinated administration. The key: "most cryptoassets are not securities," and investment contracts can expire.

What does this mean for businesses?
1) Tokenomics can be designed as compliance-by-design, not just a matter of luck.