The SEC has officially rolled out its proposed 'Regulation Crypto Assets' framework, featuring neat little exemptions for startups and a safe harbor for investment contracts. Down here in Baja, the only safe harbor we care about is the one protecting local panga boats from an unexpected Chubasco. While Washington lawyers burn through midnight oil drafting compliance pathways, the local expats are too busy arguing about whether Tecate or Modelo pairs better with ceviche to give a single peso about federal disclosure rules.