Gary Gensler actually said...

To the extent that someone is offering a crypto token which is an investment contract or security that's under the SEC's remit, the SEC has ...

I would agree that it is always important, not just on real estate but also on other mandates from Congress, to follow congressional will.

I think, as I teach at MIT on these subjects, that these innovations have been a catalyst for change.

I think then the SEC has a role to play to help bring some consistency and comparability to those guidelines.