Speculation (no pun intended), but …

CEO OF Robinhood has been talking about offering crypto as a vector for acquiring shares for private companies:

https://www.sec.gov/about/crypto-task-force/written-submissi...

This admin and this new exchange would probably allow all kinds of nonsense to be publicly traded compared to other exchanges.

We’ve got three more years to go and this exchange, or anything new that happens in Texas is absolutely going to be tied with deregulatory ambitions.