The post from @Sonic Labs is directly responding to the recent joint statement from the SEC and CFTC (Project Crypto-Crypto Sprint) that I analyzed earlier. $S
In their post, Sonic Labs emphasizes that the SEC and CFTC "just cleared the path for U.S. traditional exchanges to offer digital asset spot trading."
They also declare "Wall Street?... Sonic is coming" - suggesting that Sonic Labs plans to enter this space following the regulatory clarity provided by the regulatory agencies.
The line "Clarity comes before momentum" indicates that they view the SEC-CFTC joint statement as an important step providing the regulatory clarity that the market needs before significant development can occur.
It appears that Sonic Labs see a major business opportunity arising from regulators allowing spot cryptocurrency trading on traditional U.S. exchanges.
