Digital-asset market-structure principles recognize different risks among centralized firms, decentralized protocols, and non‑custodial platforms

Quotes that support claims

Legislation should recognize the different risks and benefits between centralized firms, decentralized finance protocols, and non-custodial software platforms.

The document also calls for rules that preserve self-custody, recognize the difference between centralized firms and decentralized protocols, and treat tokenization as an efficiency upgrade rather than a novel financial product.