Greetings,

Any thoughts on the potential impact of incoming government regulations on the crypto market? I'm curious to see how others envision the SEC defining which projects are sufficiently centralized enough to be considered securities. What metrics could be used in this 'test' that Gary Gensler recently alluded to to make such a determination?  How devastating a blow could these regulations potentially have on the marketplace? Given the highly decentralized nature of Bitcoin relative to other cryptocurrencies, should I even be concerned about BTC being affected at all? Does anyone see danger for other well established projects like Cardano or Ethereum?

Thanks in advance for any opinions/insights