This is the hash podcast.

Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,

with stories that matter to the crypto world, all on the hash for your ears.

You're listening to the Coin Desk podcast network.

Hey there, you're watching CoinDest TV and you are watching The Hash. I am Zach Seward. I am joined

today by my lovely co-host, Wendy O, Will Foxley, and Jensenassie. Jen, you're leading us off today. What do you

got? All right. So there's a new op-ed in the Wall Street Journal. It's titled, The SEC treats

crypto like the rest of the capital markets, and it's written by SEC Chair Gary Gensler.

He compares crypto to car manufacturers. He says, in September

1966, President Lyndon B. Johnson signed the National Traffic and Motor Vehicle Safety Act.

Nearly six decades later, seatbelts and other basic safety features remain standard.

That's true, despite many innovations in automotive technology.

Similarly, he goes on and says the laws that were made to protect investors shouldn't

change just because a different technology is used.

So the article is mostly focused on crypto lending platforms.

There's not much talk about defining what's a security and what's not

a security. Wendy, I know you have lots of thoughts on this. So I'd love to hear your opinions first.

So if we're going to go by that logic, wouldn't the interest that's given back to us by leaving

our money and our savings account at these centralized entities, also known as bank, shouldn't

that be classified as

a security as well? I don't know. One of the things I'm having really big issues with is we're not

just talking about brand new technology. We're talking about brand new technology that has all

...