Michael Saylor

Do you agree with him?

I would say the Democratic administration has not been constructive or constructive in providing any kind of digital assets framework over the last four years that would allow the industry to grow. And I think what Emmer is saying is we need clarity, but what they need is they need a constructive way to do business and

I would say the Democratic administration has not been constructive or constructive in providing any kind of digital assets framework over the last four years that would allow the industry to grow. And I think what Emmer is saying is we need clarity, but what they need is they need a constructive way to do business and

I think that Gensler is a traditionalist, and I think that if you add his traditionalist with Elizabeth Warren's negativity, I mean, she has been non-constructive completely across a variety of things. That has dominated the administration's political views. Look, I read the history of money and banking in America. It's Rothbard's book.

I think that Gensler is a traditionalist, and I think that if you add his traditionalist with Elizabeth Warren's negativity, I mean, she has been non-constructive completely across a variety of things. That has dominated the administration's political views. Look, I read the history of money and banking in America. It's Rothbard's book.

And Rothbard is one of the great libertarian Austrian economists. And he notes in 1930s, the 33 SEC Act, it was actually an act put forth in order to restrain the capital markets and lock out entrepreneurs from being able to raise money and create a cartel. This is in 1933. So on one hand, the administration and Gensler have been very glowing in their reverence for the 33 Act.

And Rothbard is one of the great libertarian Austrian economists. And he notes in 1930s, the 33 SEC Act, it was actually an act put forth in order to restrain the capital markets and lock out entrepreneurs from being able to raise money and create a cartel. This is in 1933. So on one hand, the administration and Gensler have been very glowing in their reverence for the 33 Act.

But the bigger issues that no one is addressing in these debates that hasn't been addressed by either side is. Why doesn't it cost $40,000 to issue a token or 44,000? How do you actually provide access to the capital markets to 40 million businesses instead of 4,000? I mean, the elephant in the room right now is that American public companies are dying.

But the bigger issues that no one is addressing in these debates that hasn't been addressed by either side is. Why doesn't it cost $40,000 to issue a token or 44,000? How do you actually provide access to the capital markets to 40 million businesses instead of 4,000? I mean, the elephant in the room right now is that American public companies are dying.

We had 10,000 public companies in the US 25 years ago. We got 4,000 now. So the fact is we have a choking, onerous regulatory regime which makes it so obscenely risky, difficult, and expensive to engage in the capital markets. Nobody can afford to do it. And if you choose to do it, It's illegal to do every cool, interesting thing that we can now do.

We had 10,000 public companies in the US 25 years ago. We got 4,000 now. So the fact is we have a choking, onerous regulatory regime which makes it so obscenely risky, difficult, and expensive to engage in the capital markets. Nobody can afford to do it. And if you choose to do it, It's illegal to do every cool, interesting thing that we can now do.

And so the person that's in the best position to offer that framework would be the head of the SEC. And Gensler has refused. And you've heard him. He says right there, he doesn't think it's his responsibility. He put it back on Congress. But I think that there was a dysfunctional relationship between the Republicans and the Democrats for the past four years.

And so the person that's in the best position to offer that framework would be the head of the SEC. And Gensler has refused. And you've heard him. He says right there, he doesn't think it's his responsibility. He put it back on Congress. But I think that there was a dysfunctional relationship between the Republicans and the Democrats for the past four years.

And there's not really any constructive dialogue to create that digital assets framework.

And there's not really any constructive dialogue to create that digital assets framework.

And that's been holding us back. Yeah, and Mark Cuban was interested in that job. If you remember, he wanted to be the head of SEC. He made that clear that that's what he wanted in one of the interviews. I remember when I took my Series 7 back in 01, and this lady from Kaplan, I think it was Kaplan, could have been Dearborn. It's probably not. It's Dearborn.

And that's been holding us back. Yeah, and Mark Cuban was interested in that job. If you remember, he wanted to be the head of SEC. He made that clear that that's what he wanted in one of the interviews. I remember when I took my Series 7 back in 01, and this lady from Kaplan, I think it was Kaplan, could have been Dearborn. It's probably not. It's Dearborn.

I don't know if you remember when Dearborn studies or manuals you would take. The lady told the stories about SCC, and she said, you know, the first person that was the chairman of SCC was Joseph Kennedy. I'm like, oh, okay, interesting. So you're like, Joseph Kennedy? Yeah, Joseph Kennedy. Do you know why we did fingerprinting?

I don't know if you remember when Dearborn studies or manuals you would take. The lady told the stories about SCC, and she said, you know, the first person that was the chairman of SCC was Joseph Kennedy. I'm like, oh, okay, interesting. So you're like, Joseph Kennedy? Yeah, Joseph Kennedy. Do you know why we did fingerprinting?

Once he asked everybody, if you want to sell stocks, you've got to come to New York to get registered and all this stuff. Nobody showed up. He says, you know what? You can't sell moving forward if you don't do fingerprinting, and you've got to come to New York. That's the story she's telling us. Till today, we did fingerprinting because you were controlling money.