Crypto didn't, for reasons we all understand, crypto didn't act like a traditional industry, so instead of taking that time to come into compliance, crypto said 'hold my bear, watch me DeFi'
- Jill H. Williamson, a.k.a Crypto Mom ## Shownotes
Sec charges Poloniex Exchange for unregistered asset trading
Washington State charges Celsius for operating an unregistered money service business
There is ample legal precedent to define notes, or lending, as securities
The DAO Report is required reading for understanding the SEC's view on digital assets as securities