Leister

Like there's not something where it's a, a risk that it could take money from you.

It is.

These are just facilitators of a blockchain.

They're facilitators of transactions.

They're facilitators of defy activities in order to make the thing run.

These have to be there.

They're excluded because one of the fears was,

that a node operator or a validator would be subject to scrutiny because in the Gensler era, it was considered that these it's a security, it's a security.

And there was some enforcement action on mining operations at a point later got revoked.

The point is, this is trying to lock down that these are excluded from this regulatory scrutiny that we're talking about.

I have no problem with that specifically.

What it says though is,

Although there's this exemption, that doesn't mean that the CFTC and the SEC can't do for their own reasons, anti-fraud mechanisms, anti-manipulation mechanisms, false reporting mechanisms.

So when you think of anti-fraud, anti-fraud implies monitoring.

monitoring requires data collection and data disclosures that we don't currently have across the board.

That works fine if it's a central exchange, but when you're talking like a unit swap, they don't collect enough information for to make this happen.

They would have to start doing.

If we talk about anti manipulation,

In the stock market side, I talked about the halting.

They do halting to stop excessive volatility because they're trying to prevent manipulation of the price.