Its derisked because the shady foreign exchanges are removed from the equation, and the gamble for exit liquidity is removed from the idea of exchanges balking at SEC actions.

We are at the point now where liquidity doesn't disappear even if the SEC pokes at the project. Due to the nature of AMMs, liquidity can be automatically provided and locked on-chain and even burned - ensuring its availability permanently at some prices, so nobody could even compel an entity to take down liquidity, I’ve never seen a system like that before. This is an example of antifragility, and antifragility has value. This kind of systems increases its capability to thrive as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. Its an example of what people have been trying to say for a whole decade now.

Derisked doesnt mean absolved of risk. It means some of the risk is removed.

So, it also means it doesnt matter! Employees have no liability, only money, they don't even put up capital. Its the same circumstance as hopeful employees being convinced they're “changing the world” at tech startups and publicly traded tech companies, except more favorable for employees.

2. Money talks.

Yes it is, and I’m not trying to profit by illegally selling it to retail investors.

I’m not a lawyer, but it seems like a dangerous assumption that the SEC won’t care that you sold a million dollars’ worth of tokens that represent equity in your employer and were granted to you on that basis.

Sometimes the SEC sees overlapping securities laws involved, and then they do care, but its really just a problem for consumer protection agencies like the FTC, who doesn't care to regulate transactions. So securities purview is not inherent to the format of asset being exchanged, so there are some things to avoid and then you’re good to go.