Once the beautiful country's US stocks are fully tokenized, compliant stocks can circulate on the chain and be listed on exchanges. Those altcoins that rely on empty promises and storytelling will basically have to exit the stage.

COIN is doing this, turning on-chain securities into the mainstream. Many stocks that have just gone public have market capitalizations of only tens of millions or a couple of hundred million, which is not much different from small-cap coins for retail investors—but at least they are regulatory compliant and have real business operations.