Crypto and DeFi have been in the news frequently the past few weeks. Massive hacks and thefts, SEC enforcement actions, persistent cries from the crypto community for regulatory "clarification" from the White House Task Force (be careful what you wish for). The regulatory rules in regards to crypto are more clear today than they have ever been. The DAO Report, issued in July 2017, foreshadowed how the SEC would approach crypto innovation in the securities market. It has aged very well. Check out page 16. in the link.










