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Is There a Difference in the Ownership Economy of Tokens?
Do you see a stark difference evolving in the way that founders think about their token cap tables and including their stakeholders versus how they would do it as equity? I, you know, it depends. In some of these court cases that have been fully litigated, um, some courts are saying the more distributed the token, thus the more decentralized, the better it may be from a regulatory perspective. It's still so early. We don't known so much about how this is going to get treated.