Kristin Smith, the executive director of U.S. Blockchain Association, tweeted that Crypto is here for good. This year tested us – macro conditions; project failures – but the industry is building & will emerge stronger than ever. She also said that as she looks ahead to 2023, she is optimistic we’ll finally see a much-need legislation for crypto. First, there is consensus among policymakers, investors & industry that a bill is needed. Most federal & state agencies have done their best to regulate crypto using existing authority. Second, recent bills are bipartisan. Third, lawmakers agree that CFTC is the preferred regulator of crypto spot markets. Fourth, the policymaker education gap is closing. Fifth, the crypto industry is ready to be a constructive partner. She handicaps odds of a bill becoming law at about 40% by end of 2023 & 60% by end of 2024. 99% of bills don’t make it past the introduction phase. This is the best chance crypto has had.