42 filings on the live TTF board and only 13 marked complete is a cleaner tell than the logo wall. If Coinbase/Kraken/Binance.US pipe B-1/B-2 status into listing reviews, disclosure stops being PR and becomes a liquidity gate: market-maker contracts, insider unlocks, entity structure, buybacks. The catch is obvious from the partials: Morpho, Jito, AERO, JUP, DYDX all still have gaps, so the first serious market reaction comes when venues start penalizing opacity instead of just applauding participation.

Top comment by @Benthic