Transcrição (en)

Those loopholes just, I think, were unsafe for the customer. So the example that always scared me was these synthetic stocks, where it was like, yeah, we're going to create a tokenized stock and you can buy the tokenized SpaceX stock. But we don't actually own the underlying SpaceX stock. It's just somewhere kind of indirectly tied to the price of it. And in a lot of these situations, they always blow up. Because by not allowing us to just tokenize the stock, you're then creating bad actors, incentives for them to do it illegally. And by doing it illegally, they're not creating the protections that we should have just created to begin with. So I actually was a pretty big critic of tokenized stocks. Keith, you may remember that when I used to do the security token show, I would call out tokenized stocks all the time when FTX was doing it. And again, maybe it didn't take a genius to know that that thing wasn't going to work out. But when I was calling them out, they were still running well and good. because if you don know who actually owning the underlying asset like how do you know that the token is actually real And for what it worth another argument for why CBDCs are maybe even more safe is like would you rather a private company be responsible for all of our digital currency Like, what happens if one of these stablecoin companies that owns 5% or 10% of our total treasury bonds market, what if they go bankrupt and they have to fire sell all those things? But would that be good for the U.S. economy if we just added 10 percent of the total supply of tokenized debt onto the market in a fire sale? That would smoke rates. That would be a recession event, dramatic recession event. And it may, you know, that that's the type of event that could actually kill the U.S. dollar. And like like versus having real regulated entities that take responsibility for these things and have accountability towards them, I think is a is a valuable component and a valuable piece here. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.