A major shift just happened: the federal government reclassified marijuana from Schedule I to Schedule III—the most significant federal cannabis policy change in decades. The executive order signals a broader regulatory evolution that could reshape how traditional finance and digital asset markets approach risk compliance. When the government starts loosening decades-old scheduling, it typically signals momentum toward broader policy flexibility. For market participants watching regulatory trends, this is worth tracking as a precedent for how federal agencies may approach other controversial assets going forward.