At a recent panel discussion, key figures from major financial and crypto institutions shared their perspectives on regulatory challenges and innovation. NASDAQ CEO Adena Friedman expressed a desire for NASDAQ to be regulated by the CFTC, while Don Wilson of DRW Trading suggested revisiting Reg NMS to ensure fair application across the board. CBOE CEO Craig Donohue emphasized the importance of prioritizing customer needs over platform interests, advocating for innovation and competition that protect consumers. ICE Markets CEO Jeff Sprecher recommended focusing on practical, tech-agnostic exemptions rather than reopening complex regulations like Reg NMS or Dodd-Frank. CME Group CEO Terry Duffy called for equal innovation opportunities for all market participants, and Polymarket CEO Shayne Coplan highlighted the challenges of building a blockchain-based exchange within current regulations. Kraken CEO Arjun Sethi expressed interest in listing companies onchain, potentially overseas, due to slow U.S. regulatory progress.