Excellent summary of the state of financial regulation in the United States right now, from the depths of someone’s LinkedIn.

At an investor conference today, and I hate that I had to ask this question:

"In a world where crypto regulatory capture is in full bloom, with the SEC dropping cases and even the US President getting away with selling meme coins IN AMERICA, why would anyone starting a company not simply mint an unregulated predatory security on a blockchain, sell it globally to anyone, and avoid pesky investor protections like not being allowed to just sell your tokens willy nilly whenever you feel like it?"

When the answer came - "Nothing stops this today." - my followup was this:

"So we are now in 1895 and will spend the upcoming years rediscovering why the SEC Acts of 1933/4 were necessary."

Answer: "Yep"

God help us.