Ryan Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
Membership tokens, credentials, domain names.
That's where Kenzler tried to make stablecoin securities.
I forgot about that.
I forgot he did that.
I do find this interesting, Ryan.
There has been almost a core quest line of the crypto industry, which is
Ripple versus the SEC.
Really, Ripple versus the world.
And with the SEC explicitly classifying XRP as a commodity, you just have to say Ripple won.
This quest line ends in a win for Ripple.
I have never bought Ripple.
So tokenized securities are securities.
This is so clear.
United States, Iran, and North Korea.
David, what did they say?
They said, if an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled.
Interesting.
Until those promises are fulfilled.
So once the promises are fulfilled, then it becomes a commodity?
Right.