The issue of legal corridors in this market has never really been clear, and over time we all want recognition from old traditional fields in this market.
Obviously, the historical context meant that many people didn't really think that such a combination would work, but as time goes on, we're seeing more and more leading companies joining the blockchain industry. Perhaps this is obvious when people understand more about it, and at present, perhaps the perception of this market as well as its scale have changed a lot in a positive direction, but we still have difficulties forced by law.
Currently, there has been talk of a bitcoin ETF for years. Something so prosaic and banal in its construction that it is hard to imagine that the SEC could ponder over it for years. BUSD was withdrawn because the SEC considered it a security even though it did not meet any of the Howey test criteria. BUSD is a stablecoin and not "an investment product that is purchased to make profits". we know it, the SEC pretends they don't. So don't be surprised that I am skeptical that in the next 5 years it will be possible to legislatively push through something as large and complicated as shares in a skyscraper in New York in the form of an etherum token, all thanks to some small project that has just released its token to obtain financing.