The last fifteen years we've been watching crypto start from scratch and gradually rediscover the exact reason for every single securities regulation and finance convention. So idk maybe we were on to something the first time around.
That's kind of what gives me pause about Texas thinking they can do things better than the other exchanges.
It's entirely possible that they can, I'm not claiming that NYSE is perfect or anything, but in my years on this earth something has become abundantly clear to me: if there's an "obvious" solution to something, and no one is doing it, then there's probably a pretty decent reason and you're not a genius for thinking it.
The easiest example that comes to mind is the stainless steel frame of the Cybertruck that doesn't crumple, which sounds like an "obvious" good thing (no one really wants their car to break in a crash), until you realize that that drastically reduces the safety of the vehicle because a lot more of the shock transfers to the passenger, and the other mainstream car producers were already well aware of that.
