Pro-Ripple attorney and crypto lawyer John Deaton has sent an open challenge in response to the latest video message from Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) in which he reprimanded startups operating in the crypto ecosystem for falsely tagging their products as non securities.

In the challenge, John Deaton said he wants the SEC to “cite a single case in the 76yrs since Howey was decided that says: 1) the underlying asset used in an investment contract is itself a security; or 2) the subsequent sales of an investment contract are also securities b/c of the first sale.”

The debate bordering on what constitutes security and what does not has caused a lot of division between players in the digital currency ecosystem and the SEC. Thus far this year, the commission has taken its enforcement action to a lot of crypto firms.