Crypto

“I got one word further, but I couldn't have described a blockchain. I guess it was like, you know, they chained the blocks with the transactions in them, you know? I didn't really know who they was. I don't know if the blockchain does it. Like, I really didn't…”

“Crypto gets banned in the US or something like that. Don't think it's going to happen. One of the reasons is because I do see too many rich people partaking through their family offices and so on.”

“Having said that, within those two bands, the bigger break was on demographics. So the more senior a member, the more skeptical they're likely to be. And this makes sense, right? If you look at how crypto is used. And the more junior the member, and mostly by …”

“If you were just in Congress broadly, I would say 90% of members don't understand it at all. They've heard about it, but like they don't know it, right? Maybe their kids use it, grandkids, whatever, but they don't know much about it beyond that.”

“I suspect that's how Congress will behave. I do fear that the administration will take a more heavy-handed path, mainly because the SEC chair is Pretty hostile at times in its public comments on crypto.”

“There was a thought that basically we were going to label any developer working in crypto a broker, which would kill the industry, you know, if everybody has to register as a broker.”

“If you don't have good tax compliance in crypto, you know, that's another thing I probably realized when I was playing around with it a little bit is like, if you're not careful, you can break tax law pretty easily in, in this space.”

“I think that somewhere between AI, crypto, and Not AR VR, sorry for the future AR VR. But I think those areas don't have the incumbency of some of the traditional, you know, network effect giant trillion dollar market cap companies.”