Michael Saylor

Why is he so unpopular amongst specifically this community?

You know, I think what you've got is a struggle between the 20th century and the 21st century. I think Gensler's view is the rules we have and the laws we have are adequate and they're good enough and you should conform to them. And I think the crypto community and the Bitcoin community think, why can't I do everything a million times smarter, faster, stronger from my iPhone on Saturday night?

You know, I think what you've got is a struggle between the 20th century and the 21st century. I think Gensler's view is the rules we have and the laws we have are adequate and they're good enough and you should conform to them. And I think the crypto community and the Bitcoin community think, why can't I do everything a million times smarter, faster, stronger from my iPhone on Saturday night?

Why can't I? I want to do new things. Why can't 10 million influencers... If you're 10,000 influencers, you got a million followers, why can't all 10,000 of them issue their own token and have their own access to the capital markets? And why do I got to actually take four years and $40 million to do it if it's only worth 4 million bucks to me? So there's the tension.

Why can't I? I want to do new things. Why can't 10 million influencers... If you're 10,000 influencers, you got a million followers, why can't all 10,000 of them issue their own token and have their own access to the capital markets? And why do I got to actually take four years and $40 million to do it if it's only worth 4 million bucks to me? So there's the tension.

And the two sides have talked past each other. If Gensler had put forth a digital assets framework and he had said, okay, look, here's how you ethically issue a token. Here's how you ethically issue a security. Here's how you ethically prove you're a commodity. Here's how you ethically prove that you're a currency. And by the way, don't lie, cheat, and steal.

And the two sides have talked past each other. If Gensler had put forth a digital assets framework and he had said, okay, look, here's how you ethically issue a token. Here's how you ethically issue a security. Here's how you ethically prove you're a commodity. Here's how you ethically prove that you're a currency. And by the way, don't lie, cheat, and steal.

If he had done that and given people a route to register, I think 95% of the industry would have come into compliance because no one in the industry is standing up arguing we want to lie, cheat, and steal. But in fact, there was no framework. There was no process to do it. And on the other hand, I think the industry wasn't able to generate the support through Congress or the Senate.

If he had done that and given people a route to register, I think 95% of the industry would have come into compliance because no one in the industry is standing up arguing we want to lie, cheat, and steal. But in fact, there was no framework. There was no process to do it. And on the other hand, I think the industry wasn't able to generate the support through Congress or the Senate.

And I think the administration wasn't very constructive. So I would say there's been a non-constructive dialogue. The people in the crypto industry, their position has been, well, you don't respect us, so we don't respect you. And the entire relationship broke down to kind of mutual yelling back and forth. But the right question for the crypto industry to ask is,

And I think the administration wasn't very constructive. So I would say there's been a non-constructive dialogue. The people in the crypto industry, their position has been, well, you don't respect us, so we don't respect you. And the entire relationship broke down to kind of mutual yelling back and forth. But the right question for the crypto industry to ask is,

Why is it unethical for Katy Perry to issue Katy Perry token to a million people if she has no intention of lie, cheating and stealing? Why is that unethical? Why can't Joe Rogan, you know, raise capital from the general public in an honest way, cheaper? Why does he have to spend infinite money to do it? And then why can't I trade Apple stock on an iPhone on Saturday? What's unethical about that?

Why is it unethical for Katy Perry to issue Katy Perry token to a million people if she has no intention of lie, cheating and stealing? Why is that unethical? Why can't Joe Rogan, you know, raise capital from the general public in an honest way, cheaper? Why does he have to spend infinite money to do it? And then why can't I trade Apple stock on an iPhone on Saturday? What's unethical about that?

And if I take you at face value, the SEC says just register. But if I did register, it's illegal to trade on Saturday. And so the point is, Microsoft, MicroStrategy's registered. You can't trade MicroStrategy stock on Sunday. Binance once listed our stock on the Binance Exchange. The German regulators made them shut it down, right?

And if I take you at face value, the SEC says just register. But if I did register, it's illegal to trade on Saturday. And so the point is, Microsoft, MicroStrategy's registered. You can't trade MicroStrategy stock on Sunday. Binance once listed our stock on the Binance Exchange. The German regulators made them shut it down, right?

And so what we really need is we need to elevate the conversation to constructive, cheerful, progressive. How are we actually going to make things a million times cheaper, faster, better, more efficient? And the dialogue devolved. It started kind of optimistic in 2021. And then it devolved to two sides, you know, kind of screaming at each other. And it became a deadlock and very non-constructive.

And so what we really need is we need to elevate the conversation to constructive, cheerful, progressive. How are we actually going to make things a million times cheaper, faster, better, more efficient? And the dialogue devolved. It started kind of optimistic in 2021. And then it devolved to two sides, you know, kind of screaming at each other. And it became a deadlock and very non-constructive.

Did you see this exchange? Oh, yeah, I have seen it. I have seen it. Play this clip, Rob, for the audience to see. Go ahead.

Did you see this exchange? Oh, yeah, I have seen it. I have seen it. Play this clip, Rob, for the audience to see. Go ahead.

Do you agree with him?