Why Crypto is like Hong Kong in 1996
Today’s crypto world is 1996 Hong Kong. Everyone knows this industry will be absorbed by regulation. Everyone sees the countdown.…
Category: Opinion
Stablecoins Are Entering Their Convertibility Era
Crypto markets still like to pretend that prices are the main story. They are not. The most consequential development in…
NYSE Texas shows Wall Street’s tokenization path will run through the old rulebook
One of the oldest arguments in crypto says that blockchain-based assets will matter only when they break free from the…
The BIS is right to treat stablecoins as a monetary fault line, not just a crypto product
Stablecoins are still often discussed as if they were mainly a crypto-market convenience: useful for trading, settlement, and moving dollars…
Stablecoin Rules Are Becoming a Prudential War Over Deposits, Fraud, and Redemption
The public conversation about stablecoins still tends to flatten the issue into a simple question of innovation versus regulation. The…
Stablecoin Standards Slow: A Global Regulatory Stalemate
Progress on establishing international standards for stablecoins has significantly slowed, creating a fragmented global regulatory landscape that poses risks to…
Tokenized Real-World Assets Are the Trojan Horse That Brings TradFi On-Chain
Wall Street did not buy crypto’s ideology, but it is buying tokenized yield, familiar legal structures, and programmable settlement —…
Crypto Still Cannot Decide Whether It Wants Better Plumbing or Better Theater
This week’s split between NYSE-style tokenization and the World Liberty legal fight shows that digital assets are moving in two…
The Real Crypto Battle Is Over the Wrapper Around State Money
The newest policy documents from Washington, Tokyo, and Basel suggest that the central fight in digital assets is no longer…