Welcome back to another Crypto Daily 3 at 3. What's going on, guys? It is Tuesday, October 1st. We are officially in the thick of fall and we are officially in the thick of regulatory action, right? So today we're going to talk about kind of one big topic that has a bunch of little different parts of it rather than the traditional

three of three and this is something i'm going to be experimenting with a little bit more when

there's a you know a 24 hour cycle where everyone is talking about one big thing um i want to just

hone in on that thing and really focus there uh rather than necessarily just kind of arbitrarily

finding two other stories that are, you know,

significantly less important or less relevant for that day.

So let's see how you guys like it.

Let me know.

Use the comments.

Hit me up on Twitter.

But we're going to be talking about, I think, kind of obviously, this SEC settlement

with EOS.

But we're going to start backwards actually a little bit from the first

thing that made everyone on crypto Twitter act like they were a legal expert yesterday morning,

which was the announcement of the crypto rating council. So basically, the idea here is that

Coinbase Crackin, I think Circle and a couple of others in the exchange and custody space

came together to effectively

try to create a self-regulatory type of body where they're giving a designation to how likely

the SEC is to consider something of security or not.

And so they rated it on a one to five scale with one being the least likely.

So Bitcoin gets a one and five being the most likely.

So this is definitely a security.

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