The SEC can't just like say everything is a security. They have to operate within the bounds of their statutory authority, which is why if they are or chair guns,. There's always out there saying it's probabilistically every crypto asset is a security, but it's facts and circumstances based. And I think that it is time and would not just be prudent, but is absolutely imperative at this point that we pretty much adopt the SEC's approach itself," he said.

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