The Misconception of BUSD as a Security

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Gensler wants to overreach and grab as much jurisdictional power as possible. There are ways you could do a stablecoin where it's a security, but one of the things about the whole like how we test the SEC tries to ignore is the expectation of profit part. I would also tell you, I agree with Powell who recently said, we view stablecoins as a form of money. They're just self-referential equity notes, right? Like crypto backed stable coins. That's called a securitization, right? We've seen all of this before. Hey, tether. That's a pride money market fund,right? Like BUSD. All of it.

Austin Campbell is the managing partner of Zero Knowledge Consulting, an adjunct professor at Columbia Business School, and used to work at Paxos in both Portfolio Management and Chief Risk Officer. He also was Co-Head of Digital Assets in Global Rates at CitiBank at JP Morgan for a decade.

Austin knows a thing or two about the TradWorld and we brought him on to help us navigate all of the TradNews that has surfaced in the last two weeks around the crypto space.

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----- TIMESTAMPS:

0:00 Intro 5:12 Austin Campbell 7:14 TradFi Last Two Weeks 10:59 Political Conspiracy 15:05 Timing Analysis 17:17 BlackRock Bitcoin ETF 20:05 Other Bitcoin ETFs Denied 22:47 What's the SEC's Next Move? 24:00 How Bullish is This? 26:13 BlackRock & Coinbase/Kraken Partnership 31:15 EDX Markets 37:22 Unbundling of Crypto Exchanges 42:22 Stablecoins Landscape 49:55 Stablecoin McHenry Bill 56:50 International Stablecoins 57:55 Closing & Disclosures

----- RESOURCES:

Austin Campbell https://twitter.com/CampbellJAustin

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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