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Ryan Adams

👤 Speaker
2103 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Cause a ruckus.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

DeFi, right?

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Just sow some chaos.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Is that the same intent here?

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Or are they actually more like, because, you know, obviously the ambulance chaser type of lawyers with frivolous lawsuits, their incentive is generally to get, you know, some commission on the legal payout there.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

There's a profit incentive there.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Are you saying this is more of a like, we hate DeFi, we're going to sow some chaos?

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Or is there a profit incentive here for this law firm?

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

All right.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Well, so this probably, there's no way this holds up in U.S.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

courts, of course.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

But it does open the nexus for the Security Council, right?

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

It's 12 multi-sig signers, and they don't get paid a lot in order to be a multi-sig signer.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

In fact, I thought it was something like 5K a month or something like this.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Yeah.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

So when I saw some of this, I'm like, okay, these layer twos, they want to throw away the keys and get rid of their security councils and get to stage two as soon as possible because-

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

If this vector does exist, you're going to get more of these types of cases.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

And they don't want that.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Yeah, it's exactly like as, you know, as we predicted, as we expected it to play.

Bankless
ROLLUP: Crypto’s Nasdaq Problem | The CLARITY Act | Saylor Selling? | ETH L1 Scaling

Do you see Taylor Monahan?