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Joe Takayama
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🇯🇵Crypto YouTube w/ 115K follower ▶︎ https://youtube.com/@Joe_Bitcoin | Angel investor | prev @MorganStanley @Citi | habibi @superteamAE
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Joe Takayama
02-07
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[Institutional Investors' Choice] Kevin O'Leary made drastic changes to his portfolio. Sold all 27 altcoins. Holding only BTC and ETH (concentrated investment). "He who has no power (energy) has nothing." He reinvested the funds he sold into "infrastructure" such as BitZero. This is a strong, selective approach, believing that only "energy-backed assets (PoW)" will survive over the next five years, not just digital data. Will this trend of "emphasis on energy and a return to infrastructure" spread to other institutional investors? It could be a new signal of a dark era.
Kevin O'Leary aka Mr. Wonderful
@kevinolearytv
02-07
If you're Ethereum, Bitcoin, or any digital payment systems, if you don't have power, you got nothing. What I did recently is I sold twenty-seven crypto positions and just kept BTC and ETH, because the analysis is clear. You get ninety-seven percent of the entire crypto market's
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Joe Takayama
01-29
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The SEC's Division of Corporation Finance released an official statement regarding "Tokenized Securities." Contrary to expectations for an "innovation exemption" promoted by SEC Chairman Paul Atkins, the statement reaffirmed the "full application of existing securities laws." Of particular importance is the SEC's issuing a no-action letter to DTCs (central securities depositories) authorizing a "tokenization pilot program." This is essentially a declaration of "RWA (real-world asset) centralization." The SEC's order is that "while blockchain technology itself is permitted, the management structure must use the existing Wall Street model (via DTCs or custodians)." This makes clear that the SEC will not accept regulatory exemptions based on "DeFi" or "DAOs," and it appears that the request of Citadel and SIFMA (Securities Industry Association), previously reported by Decrypt ("same risk, same regulation"), has been accepted. With this rule in place, the market will enter into a brutal "selection." Who will benefit from this? TradFi Giants (BlackRock, JP Morgan, NYSE): They already have compliance systems and the right to connect to DTC. This means they can proudly and exclusively sell "SEC-compliant tokenized funds." Infrastructure (DTC, Securitize): In particular, DTC's pilot status for tokenization means that "even on the blockchain, DTC ultimately controls the ledger." Lawyers & Auditors: Audit firms and law firms will see a surge in demand as compliance costs skyrocket. Meanwhile, those at a disadvantage will be: Permissionless RWA Protocols: DeFi projects that have been fractionalizing real estate and bonds without KYC will be deemed "illegal" under these guidelines. Startups: Small issuers that cannot afford the enormous "DTC connection costs" and "custody costs" will be excluded from the market. Expected action as a result is "crackdown" by the SEC: Now that the rules are set, the SEC may begin a flurry of lawsuits against existing non-compliant RWA projects (especially those offering yields) for registration violations. It will be interesting to see what actions the SEC will take in the future and how it will coexist with the CFTC. twitter.com/TakayamaJoe/status...
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Joe Takayama
01-29
This is a discussion that's starting to gain attention overseas (especially in Asia). Hyperliquid fans are dismissing it, but now that TradingFi giants have begun to speak out against DeFi to the SEC, this risk is becoming a reality. ---------------- $HYPE soared 24%. The reason is clear: Hyperliquid has become a global "silver speculator." Buybacks fueled by fee revenue completely overcame the selling pressure from unlocking. In the short term, as long as the commodity bubble continues, HYPE will continue to be bought as a "high-yield machine." In the long term, this could be "suicidal." If they were to dabble in non-crypto assets like gold or crude oil, they would become a "nemesis" (unlicensed commodity futures exchange) to the CFTC. HYPE is currently doping itself with the "poison" of regulation. This is not a "low-risk asset to hold on to." It is a cyclical trading asset that will play out the chicken race until regulations are introduced. Amid the excitement, don't forget that it is structurally stuck. twitter.com/TakayamaJoe/status...
HYPE
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Joe Takayama
01-29
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🚨 Wall Street Giants vs. DeFi: "Closed-door" Meetings with the SEC Top financial institutions, including Citadel, JPMorgan, and SIFMA (Securities Industry and Financial Markets Association), met secretly with the SEC's Cryptocurrency Task Force. The topic of discussion was "Strengthening Regulation of DeFi." They warned that the SEC's proposed exemption for DeFi would disrupt the existing financial system and undermine investor protection. [Future Points of Debate] The Trap of "Technology Neutrality" Wall Street's argument: "Whether the technology is blockchain or something else, if it's the same financial activity (trading), it should be subject to the same regulations (KYC/AML)." DeFi's counterargument: "Smart contracts are not intermediaries (humans). Code is speech, and existing regulations don't apply." This definitional battle is intensifying. SIFMA's Warning and the "Flash Crash" SIFMA is citing the "largest cryptocurrency crash in history" that occurred in October and pressuring the SEC, arguing that "unregulated markets are dangerous." Chairman Paul Atkins Caught in the Middle New SEC Chairman Atkins promises "exemptions for innovation," but is facing pressure from Wall Street, the most powerful lobbying organization. Who will he save face? Will "anonymous DeFi" go underground and Wall Street-controlled "white DeFi" become mainstream?
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