This is also the kind of "rule by regulation" that the SC made illegal when they overturned the Chevron doctrine.
'Merely “making available” a “communications protocol” can, by the SEC’s own admission, trigger an obligation to register.' 👀
https://www.therage.co/gensler-to-rule-on-licensing-requirements-for-communication-protocols-2/
This is also the kind of "rule by regulation" that the SC made illegal when they overturned the Chevron doctrine.
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