When crypto starts coming into the traditional space and doing the traditional activities,

to me, it loses the protection of the argument that this is a distinct technology built

for peer-to-peer transactions.

If that's what crypto wants to build, build it.

And I have no opinions on it. But if you're

going to build a bank, if you're going to build a securities exchange, if you're going to raise

money the way the Howie test lies out, there are laws for that. Everyone has to follow the same

laws. Welcome to Bankless, where we explore the frontier of internet money and internet finance.

This is Ryan Sean Adams. I'm here with David Hoffman, and we're here to help you become more bankless.

Guys, we get a peek inside the Gary Gensler administration, inside the SEC.

This is a conversation with the guy that formed senior crypto policy advisor.

And David and I, over almost two hours, got to ask him just about every question we had in

our minds. I never thought we'd have the opportunity to do this. No. And I want to give credit to

our guest, Corey Freyer, for being pretty much an open book with respect to what

questions we asked and which ones he answered. So this was a pretty unique episode, I think,

and above and beyond what I expected. Yeah, we have to do a debrief on this, Ryan. So that's

what we're going to go record right now because I have some thoughts, and I know you've got some thoughts. And so for all the bank list premium subscribers out there, there is a debrief from Ryan and David in your premium for you to go listen to that if you want to hear our unadulterated thoughts about what Corey said about Gary Gensors at C. All right, guys, let's get right to the episode.

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