Leister

They later go on to exclude securities.

Well, that gets ambiguous, right?

Because a security is something that the sec creates their own definition for.

We'll talk about that in a second derivatives.

So derivatives trading, you know, ETFs and that sort of thing.

I think that makes sense, right?

Because these can be their packages of assets.

The assets are tied to blockchain, but the derivative is not blockchain.

driven it is not it is influenced by the success of the blockchain but the derivative itself is not connected to blockchain activities which means very simply and i this is why i think they didn't think it through the only time you could have strong derivatives in play is for a mature chain

So we talk about Solanas, right?

We talk about Bitcoins.

We talk about Ethereum's potential for XRP more.

These are mature ones.

This as defined creates a blockade for any new one to come after some chain that just shows up to later become eligible for derivatives trading.

This creates a blockade.

It doesn't completely stop it.

I'm saying it creates a hindrance.

Look it up.

So,

Again, I understand where they're going with it.