4.8 • 689 Ratings
🗓️ 7 June 2023
⏱️ 7 minutes
🧾️ Download transcript
Unfair regulators are pushing crypto innovation out of the country. Today on “Markets Daily,” we hear from a builder who sees the writing on the wall.
Featured Story: An opinion piece by Derek Boirun, titled: "Why I’m Leaving the U.S."
This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.
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0:00.0 | It's Wednesday, June 7th, 2023, and this is Markets daily from CoinDesk. |
0:09.9 | I'm Adam B. Levine here again with a featured story. |
0:12.5 | On today, should we hear from a builder who sees the writing on the wall. |
0:16.1 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
0:32.6 | Today's featured story is an opinion piece by Derek Boyren, who's the founder of the blockchain company Rilio. Our piece today is entitled Why I'm Leaving the U.S. |
0:40.9 | This summer, 2023, I'm leaving the United States indefinitely. Born and raised as a U.S. citizen, as a now 42-year-old, |
0:46.2 | it seems surreal that this is the thing that I'm doing for the sole purpose of protecting my |
0:50.0 | constitutional rights, company, and family from government overreach. This is my story. |
0:55.6 | I'm the founder of the blockchain company RELIO, which, as the name may suggest, is focused on |
0:59.6 | building out digital infrastructure geared towards bringing real-world assets such as real estate |
1:03.9 | on-chain. We started building this company in 2018 full-time, and have spent a lot of time and |
1:08.7 | money towards its development. From the start, |
1:11.2 | our core focus has been on compliance with regulation, given that investing in real-world assets, |
1:15.7 | whether on blockchain or not, is generally subject to securities laws. After all, investing in |
1:20.9 | real estate isn't new, and neither are securities laws, so doing this on-chain sounded very |
1:26.1 | doable. Fast forward to 2022, having survived through |
1:29.5 | the COVID economy crash, mainly because the crypto economy was growing so fast, we are growing |
1:34.3 | and feeling optimistic on the business having issued, compliantly, multiple digital security tokens |
1:39.1 | on top of our tech platform. We generally stayed away from and ignored most of the stuff |
1:43.3 | happening in crypto, which |
1:44.7 | also happened to be where all the money was going, because of a belief that compliance is achievable |
1:48.8 | and where things are headed. A lot of people got very rich chasing the fast money, whether |
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