#SPDI

Still bullish on #Wyoming and #SPDI legislation despite OCC letter today. Here is why:1. WY only state with UCC scheme tailored for digital custody. Feds don't write the UCC for
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1/ MORE ANALYSIS-Goldman's new head of #digitalassets is a #repo trader based in LONDON. This is significant bc UK law basically has no limits on #rehypothecation. To be clear I'm
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1/ HAPPY #TESLA DAY, #bitcoin ! Two things in the announcement caught my eye& are worth pondering.* the $1.5bn #bitcoin purchase was 7.7% of @Tesla's $19.4bn of cash. Why
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1/ GREAT ARTICLE abt how financial mkt plumbing really works, incl the real reason why Lehman failed & why the same probs still mostly exist: #rehypothecation + a shortage (!)
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1/ HEY PEEPS—lots of folks asking abt @Anchorage OCC trust charter—again, congrats to Anchorage! But OCC trust charter is narrower than #Wyoming SPDI charter. OCC trust cos can’t take deposits
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Some thoughts on this super inaccurate piece.tl;dr: this is not a defence of Tether/ iFinex, who I would like nothing more than to see disappear into irrelevance. However, most of
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