It can be intimidating to put your work out in the world like that, but then you get feedback that people really got it and actually found it useful and that makes it all worth it ❤️ ALSO stay tuned...part II dropping soon 😊

Delay is one of the most profound but overlooked inefficiencies in today’s capital markets - one that on-chain capital markets are uniquely positioned to solve. In traditional markets, public companies have up to 45 days to file quarterly reports, up to 90 days for annual disclosures, and insiders can delay filing beneficial ownership disclosures (Forms 13D and 13G) for up to 5 days (or even 45 days in some cases). This means that material, potentially market-moving information can remain hidden from the public for some time. The result? Reduced transparency and price efficiency, and the heightened risk of insider trading and market manipulation. By contrast, on-chain capital markets offer the possibility of real-time, tamper-proof disclosure. Financial performance, insider activity, and governance changes could potentially be publicly available in real-time. Eliminating delays means more fairness, efficiency, accountability, and market integrity: markets that work better for everyone, not just those on the inside.

Happy Crypto Week to those who celebrate 🎉 After years of quietly "educating" in DC, stablecoin legislation is at stake this week, with market structure coming down the pipeline. An amazing moment for the industry 👏

1/ Today we’re publishing Crypto and the Evolution of the Capital Markets. Skeptics like to say crypto is a solution in search of a problem, but in reality, it’s an answer to a decades-old one that the traditional securities markets still haven’t fixed: the lack of a more direct, efficient, and trustless system for owning and trading assets. Blockchain and tokenization represent a natural evolution of the capital markets, the same way the move away from paper stock certificates did, half a century ago.

Tried to send a wire transfer this week and it took two failed attempts online, 3 customer service calls, and then they made me come into an actual bank branch 😬 Do you know how painful this was for someone who works in crypto

Like the crazy person ranting on the NYC train platform, I’ve been saying for years that “investment contract” never meant to include assets that didn’t provide the holder with a direct ownership interest or share of revenues, profits, or assets of the issuer. Remarkably, the latest draft of FIT21 codifies this view for secondary transactions of crypto:

The @worldcoin U.S. launch event last night was incredible and exactly what crypto needs right now. The message and delivery was crisp and free of jargon. Real products (incl beautiful hardware!) and applications have been delivered and have massive, growing adoption. Brand names from outside of crypto signed on as partners: Match, Stripe, Visa and more + It was beautiful and well executed with so much more to come Welcome to the U.S., @worldcoin and congrats on a killer entry 👏🏻👏🏻

What do the lobstermen of Maine have to do with DeFi? Check out my latest to find out ⬇️ Had a great time chatting peer-to-peer transactions, privacy, market structure, building innovation into the SEC’s mandate, and more with @JacobRobinsonJD on The Law of Code - thanks for having me! Also, the book is called The Lobster Gangs of Maine by James M. Acheson for those interested

What do the lobstermen of Maine have to do with DeFi? Check out my latest to find out ⬇️ Had a great time chatting peer-to-peer transactions, privacy, market structure, building innovation into the SEC’s mandate, and more with @JacobRobinsonJD on one of my favorite crypto legal podcasts The Law of Code - thanks for having me! Also, the book is called The Lobster Gangs of Maine by James M. Acheson for those interested 🙂🦞 

The biggest misconception about crypto is this: "It's a solution in search of a problem." @TuongvyLe12 explains why it is the solution to a decades-old problem in securities markets. A great history here👇