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‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer - Ep. 483
Unchained
The SEC's Exchange Rules Blame Apples for Not Being Securities Exchanges
Jason: The SEC operates through intermediaries, right? If DeFi protocols are just their fruits, like their apples or bananas, they've got their one thing that they do. And the SEC's exchange rules are basically mandating that all fruits should be mammals, should be bears. It doesn't make any sense to do that," he says. "This is just blaming an apple for not being a securities exchange"
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