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You don't normally think of tiny startup industries like fighting against the Yeah. The full force of the US government, these sort of policy headwinds coming from the Biden administration and Gary Gensler, who thinks, you know, everything into security.
He was like, I think everything's a security. Like, okay. Well, can we register the tokens? No. Can we register brokers to trade them? No. Can we register exchanges? So oh, I see. So he turned being a security into a life or death test.
For sure.
And and he was like, oh, come in and write come in and register. Come come drive down this dead end road where I beat you and sue you if you come in and register.
From 2021 to 2024, I didn't spend hardly any time trying to convince anyone to use crypto who wasn't already bought into it. It was just, like, clear that that wasn't gonna be an opportunity. The interest in from Wall Street at the time was like, my gosh. Look at all those tokens. Look at all those prices. Look at these numbers, all this volume, whatever. All the billions of dollars that moved on to blockchains, what should we do? But the reality was blockchains were still too slow and too expensive to be even close to competitive.
Yep.
And so in the past four or five years, that's changed a lot.
Welcome back to the slow hunch. This week, I'm really excited to welcome MC Later and Marvin Amore to the show, and we're gonna talk about the slow hunch that they've been pursuing for the last decade or or decade plus around the idea of, democratizing access to finance through new technologies, and the associated, sort of policy landscape around that. I've known both of them for for many, many years. Mara and I go back over a decade. He's been working on Internet policy issues like net neutrality and, a bunch of stuff around crypto. MC comes from the world of finance, and startups, and the tw
I'm gonna see you later. I'm now starting a new company, but I was president and COO of Uniswap Labs where I worked with Marvin for four years, and he recruited me there. And before that, built a few different fintech businesses as a startup and then also at BlackRock.
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