If you rent your apartment out, and receive rent (yield), whoops, your apartment is now a security according to the SEC, and Gensler controls it now

According to the SEC, if anyone receives yield on any asset, that asset suddenly becomes a security!

So millions of people owning apartments for rental income makes all of them operators of unregistered security schemes. It satisfies the Howey rule – the apartment owner receives rent based on the work of the tenant. The owner of the apartment themselves don’t do any work to generate the rent, they just bought the apartment and put it out for rent. The tenant pays the rent.

When the owner buys the apartment and rents it out, he does so with an expectation of profit based on the work of others.

That makes it a clear security, according to the smooth brains over at the SEC!

BOOM, just like that Gary Gensler became the owner of every single apartment thats put up for rent across USA. Its game over, everyone.

If you own a rented out apartment, you must immediately contact your local SEC field office to “come in and talk”.

PS: Obviously, for those who dont pay attention to regulatory news, this is about Gensler/SEC claiming any token that has yield could potentially be a security..