The SEC is not retroactively declaring FTT a security, right? What they're saying is, this was a security all along. Here were the rules. You're the one smoking pot in the car while you're driving. Yeah. So remember when all the banking stuff happened in 2008? How many of those people wound up doing paperwork and handcuffs? It will not end up in handcuffs. But it is an interesting question. Sure. The people who committed the crimes, obviously they go to jail. And if there is some connection that came in, there's still, you still have to go to court, you still has to go to trial.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode