I believe Gary Gensler views this project and similar ventures as securities under the purview of the SEC. Classification as a security could be extremely disruptive (disclosure, KYC, ect). How would SOVRYN change if classified as a security? Does this project have any lobbying or (at minimum) a general counselor to help in this area. From my perspective this is by far the biggest risk in this area. I do not think this is unique to SOVRYN. Fear of the regulatory impact (sudden, drastic) is my main hesitation to invest more significantly in this project. I a surgeon (in the US), I do not have any particular crypto insights and would like to hear others’ thoughts. We certinaly lobby for our our profession on the state and national level and I hope this venture is doing that as well, but I have no idea if that is the case.