Binance's Argument for Compliance With the SEC

Binance and others are basically coming out and say, hey, we've been asking for guidelines. They're making the case that due to the lack of guidance from the SEC, they've been forced into this position where they're not in compliance. There's also just a macro structure of like American politics and making it very difficult for what is the individual that's looking to build a productive business or asset. And so I think there's two parts is one, it's very difficult to build in this space. But then you have Gensler who was trying to work with by Nance all the way back 2019 and was sending them on their way.