 Stuart Alderati, chief legal officer at Ripple, they're going to give you a pretty good definition as far as digital assets could constitute a securities. But the law also includes something called an investment contract in the list of things considered a security. An investment contract is not like a traditional share of stock. And anyone who tells you that, well, let's just say they're trying to confuse you. Investment contracts are contracts that I sell to you with the promise that I'm going to take the money you gave me and do things to increase the value of your investment. While retail holders of crypto certainly deserve protection from bad actors, not all roads lead to the SEC. Pretending to have jurisdiction when there is none is simply a political power play. Remember, a token by itself, not an investment contract, despite what the SEC would have you believe. I hope that helps.