> The SEC has a very loose definition of a security - vaguely... Vaguely written laws are an awful idea and anybody who supports the idea that this is normal s

> The SEC has a very loose definition of a security - vaguely... Vaguely written laws are an awful idea and anybody who supports the idea that this is normal should rethink that position. From a regulatory standpoint, crypto is a new thing and the regulations need to be clear and concise and widely understood. Making the argument "Because the government said so" will elicit no sympathy from logically minded folks.