> They've asked for guidance on registering multiple times and have been stiffed multiple times The SEC said that most cryptocurrencies are securities. That's

> They've asked for guidance on registering multiple times and have been stiffed multiple times The SEC said that most cryptocurrencies are securities. That's their guidance, and explains what they need to do - register as a securities exchange. They just don't like that answer and want a different one that suits them better.