Ok, so if ETH isn't a security and staking ETH is a security, then the SEC should be able to provide a registration service for that, right? That's the problem, they can't seem to manage to do that.

> Dollars and orange trees aren't securities, but as soon as I start 'staking' dollars and orange trees into financial instruments which earn rewards, it becomes a security.

Sorry, you lost me on that one.

> Gensler was in the process of giving such an answer, and was interrupted ~40 times in that four-minute clip.

He should have had a concise answer and acted a bit less flustered then. It was a yes/no question to a professional.