"I think it winds up being a hung jury. All you need is one person to be like, well, I believe in crypto and I don't think that's a security," he says. "It's just a token and people understood it ... It's very hard to prosecute that." If they were issued tokens ahead of the public and then they maybe sold them or they were involved in the sold,. if they sold them, that's where they sold them.
Molly and Jason discuss Caroline Ellison and Gary Wang pleading guilty to securities fraud. (2:04) Then Lon Harris joins J+M for this week’s edition of This Week in Streaming, where they discuss YouTube’s new 7-year multibillion-dollar deal with the NFL. (36:57) We wrap with Part 1 of their review of Todd Field’s latest film Tár. (1:06:12)
(0:00) J+M Kick off the show
(2:04) Molly and Jason react to Caroline Ellison and Gary Wang pleading guilty to securities fraud
(8:36) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(12:29) The Truth of FTX is confirmed + the difference between marketing a product and a security
(22:49) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(23:59) How will VCs fair if tokens are ruled as securities
(30:16) Molly and Jason’s hot takes on the FTX fallout
(35:17) Founder University - Build your MVP with help from Founder University at course.founder.university
(36:57) YouTube inks multibillion-dollar streaming deal with the NFL
(55:40) Lon runs down the topics in his newsletter, including Netflix’s Wednesday becoming a smash hit + actors who have not acted in a streaming series
(1:06:12) Part 1: Molly, Jason and Lon review Todd Field’s Tár (TO BE CONTINUED)