In this engaging discussion, Greg Xethalis, Chief Compliance Officer at Multicoin Capital, and Collins Belton, Founding Partner at Brookwood P.C., tackle pressing issues in crypto regulation. They decode how the SEC determines whether a token qualifies as a security, offering insights on DeFi's regulatory challenges. The duo argues for proactive stances on stablecoins, discussing the impact of regulatory scrutiny on centralized exchanges. They also explore the SEC's approach to decentralized projects, stressing the importance of clearer guidelines in a rapidly evolving landscape.