🔗 Expand, simplify TAD scopes

[JFWooten4]

Need to start cleaning up TAR, so I’ll get the last main context points in play. ⌨️ The next course of action for me will be going through the 2003-era SRO governance adjustments on the Commission level.¹ Along the path of doing that, I’ll do my best to get things into complete sentences ASAP. 🫱🏼‍🫲🏽

Footnotes

1. A proper analysis of this requires a fairly extensive understanding of the Federal securities law changes from 1987–2006, which (as I understand the community today) can only come from myself. ↩

[JFWooten4]

Let's migrate this into the finalizing January framework as discussed.

[JFWooten4]

This should merge from origin and incorporate some of the reminiscent thoughts from stellar/stellar-docs#723 which fall outside the dev scope:

• The Stellar network takes a crowdsourced approach to liquidity. Namely, the SDEX gives all users equal access to a global decentralized order book for any pair of assets on he network. Since launching with the genesis of the Stellar network in 2014, the SDEX has processed over 4.6 billion trades worth upwards of $26 billion.

• Stellar is one of the very few platforms that accounts for liquidity at scale with no centralized party (as associated with grease in the wheels argument, and implicated larger scale).

[JFWooten4]

Renewal request implicates mutual-fund TA per stellar/stellar-protocol#1558 n.9 physical notes.

[JFWooten4]

There are two outcomes here:

1. Acknowledgment from the Commission; segue to new proposed rule, congressional hearing, or other action and
2. No contact ignorance as common in prior communications.

In the case of (2), I think it's best to have the full TAR2 come in Q3 from the Syndicate. This aligns with my general intention to never comment on the same rule more than once. At least, if it's through different organizations, we can have independent reference citations.¹

Footnotes

1. By isolating the comments to identifiable front-facing names, we can measure the impact of particular arguments on the Commission's interpretations of the Acts by means of reference counting. ↩