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In crypto news today Gary Gensler and the SEC broke the law with their anti-crypto accounting bulletin SAB 121. Sponsor ...

What can you tell us about the lawsuit with the SEC and are you using case law from the Ripple case as well as grayscale case if you think about it the SEC is fundamentally making a basic argument that every crypto token maybe with the exception of Bitcoin is aSecurity and the reason that it's a security is that people buy it with an expectation of making profit and now you've had three different court rulings so the xrp decision the terraform case and I think the uniswap case saying you have have to look at the facts andCircumstances of the sale if there's certain representations being made and undertakings by the seller to the buyer that go along with the token you could potentially have a security and if you don't have that you don't have a security given how three different courts of ruled that seems hard for theJudge in our case to find that the token travels with certain promises and undertakings essentially a contract from the issuer of the token to the buyer

In crypto news today a16z is raising $3.4 billion for investing in Crypto. Crypto product inflows spike amid bitcoin ETF optimism.