So true and inline with your comments on more reg, more legit..... I have heard (and you likely have as well) that Circle has briefed the SEC that they will begin the process of registering Poloniex as a new entity with the SEC and FINRA as a B-D and in turn as a licensed ATS. They will be the first. In tern the SEC was favorable and indicated that they would not pursue any enforcement actions for prior activity. This may be the template going forward.