The question shouldn't be, "is the yield product a security?"
The question is, "Why can't a reputable company offer a useful service to customers that want it, without getting sued by regulators in the god damned United States of America?"
Out of all the verifiable Ponzis, scams, rugpulls and known bad actors in the #crypto space, the SEC decides to go after Uniswap & Coinbase?
I thought the agency was there to protect retail investors? 🤔