regulators

“Regulators don't find frauds. Auditors don't find frauds. It's the market that finds frauds.”

“What they're ultimately doing is, it's what Nassim Taleb called the retrospective bribe, where it's not like someone's giving them a suitcase of cash, but rather they're very aware and conscious that if they're going to go back to their law firm, they want to …”

“I think that what people misunderstand is the intent of regulators is to create A sound foundation for digital assets upon which American entrepreneurs and financial institutions can innovate and can build.”

“And so, you know, a number of years ago, the regulators could have destroyed Bitcoin. They can no longer destroy it. They could do various things, but they can't destroy it.”

“Banks in particular make decisions about their portfolio for three reasons. Regulatory, regulatory, and regulatory. Because banks are regulated industries. As a regulated industry, they are very focused on how they deal with their regulator and the bank examin…”

“USDC gets all the attention from the regulators and the other ones are ignored. And it creates this perverse incentive where it actually, I think, incentivizes people to be offshore, more aggressive, because they don't get the scrutiny, and the people that wan…”

“In technology, you have network effects. In consumer goods, you have brand virality. And in healthcare, especially in pharmaceuticals, through history, you notice there are negative feedback loops, right? You have big, major counterparties, namely managed care…”