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Matt talks to Jacob Silverman (@SilvermanJacob), author with Ben McKenzie of the forthcoming "Easy Money" about Sam Bankman-Fried's crypto collapse as well as its venture capital context.  Preorder Jacob's book: https://store.abramsbooks.com/products/easy-money

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J P 3

Not sure how crypto passes the Howey Test. e.g. part 3 "common enterprise", and part 4 "profits generated by the efforts of others" aren't clear to me. Part 1 - Money invested, OK; Part 2, expectation of profit - OK. A Ponzi scheme wouldn't be considered a type of security, but this seems to be closer to what cyptos use case actually entails (e.g. the only reason it isn't a pure Ponzi is because it can facilitate illegal activity). Seems like regulating as a security would be a gift to the industry, when its just a new variation on an old scam.

Anonymous

the creeps involved with this garbage gave me signal from get go that it was just another con in an age of the Dumpf & Co cons. New York needs to dump Kirsten Gillibrand. I have despised her since she pounced on Al Franken.