Patrick Murck

Founder & CEO @surus_io | blockchain nihilist - law maximilist

[Patrick Murck @virtuallylaw]

This isn’t hard:

If you’re telling the truth you’re lying
If you’re lying your patriotic

Everyone is accountable for all transgressions large or small

Except that, If you’re in power you’re accountable to no one and everyone is accountable for you

[Surus @Surus_io]

How does more institutional capital get onchain?

A regulated institution in the middle.

Our CEO @virtuallylaw will discuss the two-way bridge between allocators and DeFi (vaults, yield strategies etc.), with @sbn67b9p67 of @StellarOrg.

#StellarMeridian | Lisbon | Thu Oct 29 | 2:15 PM | Douro Stage

[Dan Carlin @dccommonsense]

It will be very interesting (as I’ve long said) to see how much of the anger Americans have directed at each other was deliberately stoked by those foreign entities who wish us harm. If so, we fell for it hook, line and sinker. Playing into the hands of our adversaries.

[Jameson Lopp @lopp]

If you get upset with people who change their gender and demand that you comply with their preferred pronouns...

Then you should get upset with Presidents who change the names of things and demand that you comply with their preferred nouns.

[Stabledash @stabledash]

What does a tokenized stock actually represent?

“Just a legal relationship.” - @virtuallylaw

When you buy a tokenized stock or bond, you are trusting that a real asset sits somewhere behind it, held by someone who is legally bound to protect it for you.

One example is USDM1, a government bond that the Republic of the Marshall Islands turned into a token, with @Surus_io holding the treasuries behind it.

[Stabledash @stabledash]

If a token issuer goes bust, the treasuries backing your token can still be safe.

“Etherfuse, love @EtherfuseDave, love the team at Etherfuse. We hold those treasuries behind the scenes for them to back their token.”

“Those treasuries are held remote from Etherfuse’s balance sheet, and they’re remote from our balance sheet.”

“They know that their tokens are worth something.”

“We do the same thing for the $USDM1 token working with the Republic of the Marshall Islands.”

@virtuallylaw, Founder & CEO of @Surus_io, on holding the treasuries behind @etherfuse’s token

[Stabledash @stabledash]

Live at 12:00 PM ET / 9:00 AM PT. Today's lineup:

- @ShahRamezani, @Noah_HQ
- @ahmedzifzaf, @tryramp
- @virtuallylaw, @Surus_io

Stabledash Global, presented by @augustus_bank
- @bebedaselva, @blindpay
- @stablecoing, @eldoradoio

https://t.co/mUFdj7Ivry

[Patrick Murck @virtuallylaw]

I'll be on @stabledash today at 1:00 PM ET on qualified custody and onchain fiduciary work at @Surus_io. Tune in.
https://t.co/sZfluFdLO4

[Yehuda Lindell @LindellYehuda]

I wasn’t going to comment since this is a really bad take IMO, but since it’s taken off I feel the need to. To my understanding, there is no evidence whatsoever pointing to a break of decades old hardness assumptions like elliptic curve cryptography. 1/n

[Surus @Surus_io]

Launching a stablecoin? Should you build with a licensed partner, get licensed, or wait?

On Thurs 10/15, Our CEO @virtuallylaw (Patrick Murck) joins leaders from @FiptoHQ , Balance and @CoinGatecom on @utila_io's Stablecoin Builder Series on stablecoin licensing, moderated by @fshahar1.

Register 👇

[FordhamLawCrypto @FordhamCrypto]

And we’re off. The Sixth Annual @FordhamLawNYC Blockchain Regulatory Symposium panel one: Year Behind, Year Ahead with Lee, Lewis, Jai, Patrick, Rodrigo and Amanda.

[Surus @Surus_io]

@virtuallylaw, will be speaking at @dcfintechweek on Tue Oct 13 on the panel "Beyond the Bank Branch: Fintech, Tokenization, and the Finance Gap for Small Businesses," moderated by @JanPaulick (@BIS_org ).

See you there. #DCFintechWeek

[The Progressive Bitcoiner @TPB_Inc]

Many have reached out, many wanting us to keep going. We didn’t realize to what extent.

Due to this vibe shift, we are actively exploring sustainable funding to reconsider and massively scale up.

If you’d like to be a part/donate email [email protected]

[Surus @Surus_io]

Typecasting.

📸: @thestablecon

[theleahfiles @leahfiles]

People keep saying Trump term II is the most corrupt administration ever, so I built a model to find out if it was true.

I took the UN's definition of corruption, turned it into eight criteria and 100 points, and scored the leaders history remembers for looting their countries: Marcos, Suharto, Mobutu, Abacha, Obiang, Putin.

Then I put every president since Eisenhower on the same scale, both parties, with every exoneration counted right alongside the convictions.

Nixon scored 41 and no other American President scored over a 25.

Trump's second term scored a 91, which ties him with Suharto and Mobutu and puts him above Marcos and Abacha.

So he is not only the most corrupt president in American history. At this pace he finishes his term level with the most corrupt rulers of the last hundred years.

PSA: don't come in my comments arguing about the results if you haven't read the full article, because ignorance is a choice.

Full article is up now on my Substack (link in bio) and it's free.

[Surus @Surus_io]

"Absence of Clarity is absence of good regulation." - @xethalis

🎧: Full episode at link in comments

[Surus @Surus_io]

"I don't think most Americans care about the ethics provision." - @KarenUbell on the latest Form & Structure episode by @Surus_io

Host: @virtuallylaw
Guests: @KarenUbell & @xethalis

🎧: full episode links in comments

[Surus @Surus_io]

"It's Schrödinger's legislation. You only know if it's alive or dead when you observe the vote." - @xethalis on CLARITY Act

New Form & Structure episode from @Surus_io with @KarenUbell & @xethalis

[Surus @Surus_io]

@virtuallylaw on whether vault curators should be held to a fiduciary standard at @rwasummit.

[Utila @utila_io]

We’re proud to welcome @Surus_io as a founding member of the Utila Licensed Partner Network.

We recently launched an industry-first program that connects fintechs with licensed partners, giving them a path to launch regulated stablecoin products while building on Utila’s infrastructure.

Through its North Carolina-chartered trust company, Surus provides regulated services including qualified custody, tokenization, fund administration, and corporate trust services for institutions and fintechs.

This partnership gives US fintechs a faster path to market while preserving flexibility over the infrastructure and providers they use as their stablecoin operations evolve.

Learn more: https://t.co/LskiG1B7Wg

[Rebecca Rettig @RebeccaRettig1]

After nearly a decade in crypto law, I am confident in saying we have learned lessons (too many to count!) that are critical for lawyers entering the AI space to keep top of mind. I set out 3 of them in @Law360: https://t.co/sruiEeMRAq
(DM me for a full copy beyond the paywall)