I’m starting a new informal series called The Time Is Now — a set of reflections on how crypto’s legal and regulatory environment is finally catching up to the maturity of the industry. For years we’ve said crypto is ready for the world — and now, for the first time, the world is ready for crypto.

We begin with a n important moment from last week: the House Financial Services Committee’s recent Digital Asset Market Structure draft bill.

While just a draft, this bill marks a clear step forward. It doesn’t just regulate — it acknowledges. It acknowledges that digital assets are real. That not every token is a security. That there’s a difference between a protocol and a company, between publishing software and issuing a share.

It gives language to structures that builders have already been using — DAOs, staking, stablecoins, decentralized governance — and it proposes a framework for how they might operate without fear of enforcement limbo.

There’s still nuance, still work to be done. But this moment feels different. The tone is shifting from punishment to permission, from chilling uncertainty to cautious clarity.

We’ve got the tools: stablecoins, permissionless infrastructure, robust governance platforms like https://t.co/x9XrtdhuzK. We’ve got the builders. And now, finally, we’re starting to get the rules.

The time is now. Not because everything is perfect, but because the conversation is finally real. And it’s ours to shape.