new renaissance capital
Look Ma, I'm a YouTuber
I got myself so pumped up after publishing the last edition of the newsletter — Setting the Stage for a New Renaissance — that I decided to bring an idea I’ve been mulling over for a while to life.
And so I present to you the new YouTube channel I’ve started: new renaissance capital
I explain what I plan to do via the channel in the video below, so please check it out if you’d like to learn more.
Also, I know it was a dramatic week in the world of money (see the Silicon Valley Bank failure), but I’m taking a hard pass on writing about it this week. Too tired. Too sad.
And the only thing I had published for/on behalf of Finder this week was some commentary on the SEC’s actions regarding a “crypto scheme” in a piece published in The Street.
Below is my commentary from the piece. (You’ll need to read the whole piece to get the context for the commentary.)
“It’s important that bad actors are held accountable and that other people and institutions running, or planning to run, similar Ponzi-like schemes see that regulators seem to be on the hunt for bad actors, especially in the wake of FTX’s implosion,” said Frank Corva, senior analyst for digital assets at Finder.
Corva noted, however, Bustillo’s comment about "the crypto asset arena," saying that "Congress has yet to determine how crypto assets are to be classified nor whether certain cryptos should be classified differently than others. And SEC Chairman Gary Gensler has publicly stated that he considers bitcoin a commodity.”
He added that nowhere in the news release does it state which crypto assets BKCoin or Kang traded – or if they traded crypto assets at all.
“Combining this with the fact that the U.S. has yet to create a proper classification system for crypto assets, it doesn’t seem that Bustillo has much ground to claim that this prosecution has anything to do with securitized crypto assets,” Corva said.
That’s all. I hope you dig the video. Please feel free to like it and subscribe to the channel if you’re into what I had to share.
And please know that I plan on the production value increasing as time goes on. Right now, I’m a little short on bandwidth, time and resources, but I did want to get started. We’ll see where it goes from here…
Take It Ease,
Frank
Twitter: @frankcorva
