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Patron Saint of Bitcoin: Michael Saylor | PBD Podcast | EP 128 |
PBD Podcast
Is There a Difference Between Property and Security?
It's unethical for a public figure to endorse security. It probably violates all sorts of foreign corrupt practices acts, as well as all the ethics laws. As soon as you start to exercise influence over the protocol, it becomes a security. And so this is a very bright line, property versus security. If they ever do clarify what the securities laws are, there will be a massive shakeout.
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