1/ Today Ripple filed its comment letter on the SEC’s proposed Regulation Crypto Assets. We support the proposal, and the SEC has clear authority to adopt it.
2/ Years of “case by case, coin by coin” enforcement has pushed innovation offshore. We need holistic rules for digital assets.
3/ The proposal stays faithful to Howey. The investment contract is the security, not the token. What matters is what an issuer actually promised and when those promises end, not a subjective “decentralization” test.
4/ We know the cost of ambiguity firsthand. Ripple spent more than $150 million to get clarity. No company should have to do that to learn what the law requires.
5/ Clear rules grounded in existing law will bring capital, investor protection and innovation to the U.S.
Read our full letter: https://t.co/hOCJJwUo7Z
I’m so excited, nervous and grateful.
I’m in love already. I can’t believe December is almost here.
I had this idea we’d be free and clear in our 40s because of how young we were when we had our first few kids.
But honestly, I wouldn’t rather be doing anything else, and I wouldn’t want to go on this journey with anyone else.
I can’t wait to meet my son.
🇪🇺 BREAKING: The ECB has published a new presentation titled “Central banks on-chain.”
The document maps tokenized central bank money, bank deposits, securities and stablecoins operating across interconnected DLT infrastructure.
the amount of propaganda and culture war psyops where one side is overtly justifying child murder is insane to me. from zionists justifying the murder of palestinian babies to the clancy trial.
even more insane is how it is clearly showing how certain demographics are willing to support child murder for certain ethnic groups or under certain conditions.
child murder is always wrong and unjustifiable. amazing that saying as much is now considered a controversial take among some circles in both the left and right at present.
America’s corporate governance system is broken, and it’s killing public companies. Look no further than Cracker Barrel: Decades of brutal mismanagement have seen one incompetent CEO after another walk away with a massive paycheck while customers and actual shareholders take a beating.
Why does this keep happening? Because proxy advisory firms like ISS are corrupt. They blindly rubber-stamp failing boards year after year, protecting the corporate elite while burning shareholder value to the ground.
The root of the rot is index funds. There's no question that indexing one's money is a smart financial move for most people. But just because you passively index your investments doesn't mean your corporate votes should be handed over to the managers of your fund so they can play politics. Right now, passive funds hold massive, unchecked voting blocks while having zero skin in the game themselves.
It is time for a simple rewrite of the rules: We need to index the votes of index fund investors.
Passive index funds should be forced to automatically split their votes to proportionately mirror those of retail and active institutional shareholders — the people actually doing the research, risking their capital, and fighting for performance in the companies they hold shares in. No more rubber-stamping. A change like this will immediately strip corrupt gatekeepers like ISS of their toxic influence.
True accountability happens when lazy, overpaid boards actually answer to the stakeholders they represent, rather than screwing them over.
Actual, logic-driven governance when your money is passive happens when your vote passively follows the voting decisions of the actual market.
We need to stop letting passive capital protect active incompetence. By stripping index funds of their arbitrary voting power and empowering engaged investors, we will finally torch corporate cronyism and usher American capital markets into a golden age of capitalism.
"So, Spongebob ok, Spongebob lives in a pineapple under the sea. Ok? You've heard of apples, well this is a PINEapple.
A pineapple, ok?
So how did he acquire this? It's because Spongebob *underlines Spongebob four times* is a freemason."