Last Friday, the Securities and Exchange Commission held its first-ever crypto roundtable, a discussion with industry leaders and skeptics to answer a grand question: how should the SEC regulate crypto? Should SEC officials regulate crypto tokens like bonds and stocks? The agency under President Donald Trump is taking what many see as a friendlier approach to cryptocurrency and has already dropped a number of lawsuits against various crypto exchanges initiated during the Biden Administration. Axios reporter and author of the Axios Crypto newsletter, Brady Dale, returns to the show to discuss why the question of regulating crypto like a security asset is a very complicated one to answer.