Michael Oh

@FINRA, Head of Blockchain Lab. views my own.

[Michael Oh @economoh]

Back in DC, few months into a new job with a great team at FINRA. Look forward to interacting with you all in the fintech and crypto space.

[Michael Oh @economoh]

@jdorman81 @Shaughnessy119 “no global stablecoin project should begin operation until the legal, regulatory and oversight challenges and risks outlined..are adequately addressed...”

Mainstreamed but centralized, blockchain not Bitcoin. That’s the tradeoff.

[Michael Oh @economoh]

Not sure this is conventional QE. Liquidity injection is in response to high demand and tight liquidity. Maybe related to regulatory issues (month-end reqs) or market structure. (large banks hoarding liquidity, small banks can’t get access...) But weird.

[Peter Schiff @PeterSchiff]

The Fed's balance surged by $51.1 billion last week, and is now back above $4 trillion. The balance sheet expanded by over $250 billion in the past 7 weeks. The Fed is actually expanding its balance sheet twice as fast now that it's not doing QE than when it was. QE on steroids!

[Michael Oh @economoh]

Exchanges uniquely straddle the regulated and permissionless worlds. Fascinating to consider the different directions they can go. Great read.

[Kyle Samani @KyleSamani]

0/ Today I'm excited to share a deep dive into our exchange thesis

Exchanges are open finance

Available in English, Mandarin, and Korean

https://t.co/ZgF01aXYl8

[Michael Oh @economoh]

@nic_carter And the ones that don't are typically good candidates for crypto

[Michael Oh @economoh]

“Crossing the stream by feeling the rocks” (Deng Xiao Ping)

Supports the notion that the US should encourage more coin experiments (banks, retailers, maybe Fed, of course crypto...), esp if Libra has a chance to launch and leapfrog the rest.

[Mable @Mable_Jiang]

These projects are all competitive to each other and the leaders (Central Bank, Alipay and WeChat Pay) will determine which approach will be finally adopted as time goes by.

[Michael Oh @economoh]

@jordantcarlisle Congrats!!

[Michael Oh @economoh]

Crypto on a roll in NWA. After today’s excellent #uarklaw crypto symposium, we’re doing another crypto lunch-and-learn. Come on out and spread the word! #BeEpic #NWA #cryptocurrency

[Michael Oh @economoh]

I don’t get BTC price action, someone help me.

Thought Zuck beating on Thu was positive and Xi news negative.

Basic premise is that Libra and digital RMB will co-opt/crowd out crypto.

Oh what the hell, I’ll just enjoy today’s rally.

[Michael Oh @economoh]

@el33th4xor I pressed Like twice to protest

[Michael Oh @economoh]

@propelforward @UARKLaw Awesome presentation. #EscapeThePanopticon.

[Michael Oh @economoh]

@kgcarlisle @laurashin Generally felt wanting on CBDC design (a goal of which is financial inclusion)...and a bit cavalier on USD reserve currency status.

[Michael Oh @economoh]

This resembles the credit rating agencies that assign ratings to issuers that pay them for them. AAA subprime anyone?

Nevertheless, scoring frameworks are a good idea, informed by courts, SEC, even DoJ.

Just not by exchanges.

[Larry Cermak @lawmaster]

In my opinion, this rating system creates a massive conflict of interest. All of the companies that joined this consortium are massively incentivized to rate the vast majority of tokens as non-securities. Coinbase listed some very questionable tokens including XRP, Tezos, EOS

[Michael Oh @economoh]

@EpsilonTheory Makes you wonder why the CEO wants to rebrand all their consumer products back to the Goldman name.

[Michael Oh @economoh]

@bquittem I’d buy a collection of these essays. Similar to how a new Cryptoassets (Brumer) book coming out.

[Michael Oh @economoh]

@bookido Let’s talk!

[Michael Oh @economoh]

Venezuela + central bank = oxymoron.

Inmates have taken over the asylum. Government basically has a crypto wallet. Don’t be surprised if coins get “lost.”

[Anthony Pompliano 🌪 @APompliano]

Reports are surfacing that Venezuela is considering holding Bitcoin and Ethereum in their central bank reserves, while also using it to pay organizations.

Every country will eventually do this.

Just a matter of time before the game theory kicks in 🔥

https://t.co/oq29xQBtsd

[Michael Oh @economoh]

“Buy the rumor, sell the fact.”

Then buy some Bitcoin.

[Michael Oh @economoh]

@zhusu @dydxprotocol Fat finger

[Michael Oh @economoh]

@anishmohammed @hasufl Govts aren’t toothless here either. Reserve currency countries (US, UK, JP, EU...) can shut down Libra. Hard to see G3 FX captured by Libra. I thought the risk was to weaker economies that battle capita flight from local currency to reserve currencies.