# Regulatory Hurdles Cleared Cryptocurrency tax regulation is still in its infancy in many countries. We believe that by introducing **$MYO as a utility token**, we can help all DAO members and holders minimize any tax burdens, and minimize interest from speculators and traders who are only concerned with the economic nature of $MYO. We believe the following use cases for $MYO help build a very strong case towards $MYO being classified as a utility token: * Enables members to gain access to DAO systems + marketing strategy playbooks * Enables members to gain access to Web 3 projects and bounties * Enables members to gain access to private gatherings and dinners during web3 conferences throughout the world * Enables members to receive crypto payment in exchange for work performed * Enables members to vote for DAO proposals & grants * Enables DAO members and outside parties to use $MYO to access Myosin’s user acquisition, user engagement, and user retention products. We also are keeping $MYO as a utility token on Sepolia testnet until we are prepared for a public Token Generating Event, whereupon we will then re-incorporate Myosin's current C Corp off-shore, likely to the British Virgin Islands. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.myosin.xyz/home/governance-and-regulations/regulatory-hurdles-cleared.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.