Today’s stock market issues with BRK.A and other assets highlight the need for an onchain financial system—one backed by decentralized infrastructure that eliminates single points of failure and reduces systemic risk across the global economy.
#TheFutureIsOn
NEW: 🇺🇸 Fund Manager Pine Ridge Advisers discloses spot #Bitcoin ETF holdings worth $205 million in new SEC filing.
That's 23% of their $890 million AUM 🙌
Turns out JP Morgan the largest US bank has been buying Bitcoin ETFs even while CEO Jamie Dimon's been publicly hating on it.
In December Dimon said in front of congress he would shut Bitcoin down if he were the government.
They fud crypto in public and buy in private.
Gary says crypto doesn’t have disclosures.
He is wrong.
Ethereum issues a decentralized earnings report every 12 seconds and it’s available globally to anyone with an internet connection.
Crypto doesn’t just have disclosures - it has better disclosures. Open source and auditable by the people.
The SEC could just connect its EDGAR database to Ethereum and get disclosures.
But this was never about disclosures. It’s about control.
It was always about control.
The SEC is now suing Kraken, Coinbase, Uniswap, Metamask and now Robinhood for the crime of helping regular Americans access crypto.
This level of regulatory overreach has destroyed the legitimacy of the SEC and may lose the democrats the election.
Voters don't want this.
1/ The tokenized RWA opportunity is measured in trillions of dollars.
By tokenizing an asset, blockchain-enabled superpowers are unlocked, from near-instant settlement to enhanced liquidity, fractional ownership, DeFi integration, & more.
Breaking down the RWA megatrend 🧵👇