Mari Tomunen, General Counsel at DoubleZero, and Connor Tweardy, a Cooley LLP attorney, delve into the groundbreaking no-action letter from the SEC. They discuss the significance of compliance-by-design and how DoubleZero communicated its decentralized infrastructure to regulators. The guests share insights on the importance of token timing, the foundation's non-investment stance, and the SEC’s evaluation of managerial efforts. Plus, they offer valuable advice for crypto projects seeking regulatory clarity and reflect on their own journeys in the crypto world.