Leister

You can tell the influencers, the influencers, they're not going to have enough power to influence significant buy-in if they don't see that that price is pumping because the buy tendency is on the green.

sharp green.

It shouldn't be, but it is.

Whereas if you tie it to a real product, this is where real world assets, I think has a part to play.

If you tie it to a real product and you're outside the crypto bubble and you get to the mainstream by way of the product, you're going to have people that just take the tokens and do nothing with them because they see no value in them.

If they sit on them because they see no value in them, but they don't do anything with it, you're locking them out of circulation.

locking them out of circulation, if you get the right set token count, and this is a balance that nobody's perfected, even Bitcoin, if you get the right set token amount and you create that value, it's gonna naturally appreciate and take off under this kind of regulatory framework.

So I say, in my mind, as written, I'm not a fan of how this is done because there's too many loopholes.

There's too many opportunities for it to be exploited.

I don't see how you can enforce it on non-US issuers who the vast majority of issuers happen to be.

And I question whether or not it has any teeth, meaning could a regular investor bring any kind of lawsuit against or for this?

I don't see that they could, not because they don't have the right to, but because again, if the vast majority are not us issuers, a B, they're just simple loopholes.

It could be that the person's just too smart and we know how slow it is for our government to course correct and write it correctly.

I guarantee you it was written this way because they knew the better law would never have passed.

It would never have passed the house.

The better law, and you're asking yourself, what would be a better law?

To me, it's simple.

Get rid of KYC.

Get rid of it.

It doesn't solve a problem.