Great last sentence from George Kaloudis We shouldn’t ask: “Is XYZ a security?” We should instead ask: “How much does securities law and regulation matter if XYZ is borderless, decentralized and censorship resistant?” “How much does securities law and regulation matter if XYZ is borderless, decentralized and censorship resistant?” https://www.coindesk.com/consensus-magazine/2023/02/27/gary-genslers-take-on-crypto-doesnt-matter/ #Bitcoin