You probably remember that feeling from the past few years. Some token suddenly gets delisted from a platform, with the reason being "potentially classified as a security." You want to stake ETH on a US platform and discover the feature has been shut down, citing "compliance risk." Someone asks you if cryptocurrency is even legal, and you hem and haw—because you're not sure yourself. These are all legacies of the Gensler era. His approach was: no explanations, just subpoenas.