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Leister

๐Ÿ‘ค Speaker
612 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

We're going to go after them because they did not launch what they said.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Here's now you asked, why are you so against it?

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

If we understand cryptocurrency issuance, and you can look at the data stats, the vast majority of issuance are from people that are not of the United States.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

If we accept that stat,

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

that the vast majority of people, not in the United States, they're not going to be subject to this scrutiny because they cannot be, they can try to enforce it.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

But if it's somebody out of Vietnam, that person is not going to be subject to us scrutiny period.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

So it doesn't solve the underlying problem.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

It simply doesn't.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

It does allow central exchanges to be more confident transacting because those are largely secondary markets.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

If the exchange is smart enough to build their web, to separate their, cause they have like launch pads and pre-sale things.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

All you have to do is build your web to create a separate area for your launch pads and pre-sales and everything else.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Lock it behind a login.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

After you log in, test where they're coming from by way of the address for the billing for them withdrawing assets.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

If they want to withdraw assets, they got to give them a bank account.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

You ask where the bank is.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

You can tell from the transit number routing number, the transit number tells them where the bank is.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

You go off where the bank is and you say your bank is in the U S as a result of money going there.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

We're going to let you go into this pre-sale thing, but we're to give you a big box right up front that says,

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Transacting these is investment contracts.