The International Congress of Blockchain Legal Advisors (ICBLA) has been closely following the SEC v. Ripple Labs et al. case and believes the split decision provides legal clarity for XRP and other tokens to power projects without the risk of enforcement action. ICBLA's Society of Fellows has created a task force to draft proposals for blockchain and crypto entrepreneurs to navigate the changing regulatory environment. These proposals include guidelines for token classification, compliance standards, consumer protection measures, taxation guidelines, AML and CTF rules, data security and privacy regulations, interoperability and standards, and a regulatory sandbox. ICBLA aims to promote legal clarity, innovation, and fair practices in the digital asset industry while protecting businesses and consumers.