so garlinghouse didn't do it.as bitcoin which is not registered, obviously. ether, the ethereum cryptocurrency, which is not registered, and the sec has not taken action against them. they're at each other's throats. so here comes jay clayton who's basically following all the reporting, has come under a lot of pressure from crypto people, like, who is this guy? why did he bring charges against us? one of his number twos is wrapped up in this case, bill hintman, now in private practice. he came out with a speech where he said why ether and bitcoin were not cryptocurrencies, and now he's under pressure. he's being subpoenaed in the case. i mean, he's given a deposition -- liz: what are they if they're not cryptocurrency? >> let me just make the point. so then jay comes out today is in kind of -- you know, it's kind of an odd thing for him to say, but he brought this case that cryptos should be lightly regulated, or they shouldn't be heavily regulated or else we're going to stifle innovation. i'm kind of giving you t

had planned and whether they were up front there has been all kinds of speculation because brad garlinghousen this and did some mudslinging and said you and others at the s.e.c. were compromised in this decision that you had input that was coming in from people who were maybe ethereum fans or others along the way. i get this question constantly i want to put it to you. what happened and what do you say to those accusations >> becky, i'm not going to comment on any pending investigation or action in front of the s.e.c i think you know that. we've discussed that in the past look, it's america people have the right to defend themselves they have the right to their opinion. i'm not going to engage in that either i think as government officials, you do the best you can. you let the facts stand where they are and i'm going to leave it at that >> can we talk more broadly just about crypto gary gensler is looking at crypto as a space he really wants to make sure that getting into the weeds on it and finding to set some rules about this he taught a course on it at m.i.t., so he's not lumbering around