Awesome, @okx fired the first shot! Do you guys still remember? On September 18, after the SEC issued the tokenized securities exemption letter, Glider co-founder Brian Huang read through the 60-page document and concluded: 'The current exemption model severely lacks market demand, and there isn’t a single existing crypto-native institution that fully meets all the requirements outlined in the document.' In other words, conditions like ledger audits, 30-day public disclosures, and issuer veto rights are things the crypto space just can’t achieve. So, the joint venture structure between OKX and ICE is practically tailor-made for this exemption letter! It has the New York Stock Exchange, an established listing committee, compliance department, market surveillance system, and clearing relationships. Keep in mind, all previous tokenized U.S. stocks were synthetic or mirror structures; If OKXICE actually secures the exemption and goes live, compliant onshore products will dominate the U.S. market with an overwhelming advantage.