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The below clip is from a Fall 2018 Graduate MIT course called "Blockchain and Money"
Gary Gensler - the current President of the SEC, was the professor.
The Hypocrisy speaks for itself ๐
"So we already know in the US and in many other jurisdictions that 3/4 of the market are not ICOs or NOT what would be called securities, even in the US, Canada, and Taiwan, the three jurisdictions that follow something similar to the Howey Test that we've talked about. 3/4 of the market is non-securities. It's just a commodity, a cash crypto."