“I wish I could say this is an isolated example,” Kirkland said, explaining the regulator’s concern about a small cohort of advisers who transfer client funds into high-risk investments after being referred by cold-calling telemarketers.
The industry has little chance of fighting through the legislative backlog and getting immediate wholesale change made to the ill-designed CSLR. There are things the government can do in the interim, said the FAAA, but who’s listening?
The Crypto-Powered Future: Apollo Capital
The Crypto-Powered Future is Already Here
Investing is essentially an attempt to predict the future by allocating capital to the most promising companies, technologies, or economic models, adjusted for risk tolerance. In December 2003, William Gibson, one of the most influential Cyberpunk authors, wrote ‘The future is already here – it’s just not evenly distributed.” This means that some people are already doing and experiencing the futuristic things that the larger population will see as commonplace in the near future.
The Crypto-powered, decentralized, and blockchain-enabled future world is already here; it just hasn’t reached everyone yet.
Crypto is eating the world, and it’s happening faster than you think.
