Technology, for the most part, is not the main obstacle, although many in the industry are quite arrogant about it. Even more important is that the more money they are at stake, the more powerful and conservative they are. It’s not necessarily greedy or unreasonable, but that’s why it’s easier for lawmakers to send green light emails than electronic signatures.
Conservatism related to money also means that older systems must fail very clearly for anyone who is seriously talking about fixing them or even getting rid of them. Think of how terrible the subprime mortgage bubble looked in 2008 when regulators and news outlets deepened in the wreckage of the following years: this is what Dodd-Frank demanded be allowed to do.
The Robinhood riots late last month are not in the same league. But any casual observer, unaffected by the MBA terminology that exists to justify such hoaxes, can look at the events surrounding GME trading and know that these markets are not as free as we can imagine. And maybe this’s why we spent so much time discussing this issue, because it’s a proponent of stock trading resilience issues, which is interesting enough to teach a generation of informal observers what card selling is.
The fact is that the stock market is not going anywhere. But everyone sees in this wonderful crisis an opportunity to desire what he wants. For the blockchain community, this was an opportunity to see how to trade securities that are not brokers or even simplify the settlement of trades overnight – in other words, security tokens. Others, however, used this as an opportunity to throw the classic stock completely. But, less important than Robinhood’s case, there have been a number of events this week that brought cryptocurrency to the stock markets and the blockchain stock markets.
DLT Israel Securities
The Israeli Securities Regulatory Authority has approved Simetria’s digital billboard to advertise technology offerings, a step towards the planned DLT exchange.
Simetria aims to provide a platform for other Israeli start-ups that can easily issue private equity investments to international investors. It is scheduled for release in May.
For its citizens, Israel has one of the most important technological ecosystems in the world. Simetria is based on a statement from the country’s Ministry of Finance about interest in new trading platforms operating in more specialized markets than the Tel Aviv Stock Exchange. However, Simetria aims to focus on institutional investors, so that the exchange-traded token market does not become public another day.
Despite the promise of trading securities in a peer-to-peer network, private platforms have been the most influential. Retail investor platforms suffer from low volumes and frankly unattractive offers. The hope is that as more of these private platforms emerge around the world, they will create a network that can be embedded in public screens that will eventually disrupt the isolated operation of individual public platforms. At present, however, the most interesting proposals are limited to institutions.
For many years, the prospect of converting traditional stock markets into tokens has been one of the key promises in the cryptocurrency world about how blockchain could revolutionize ancient finances. That was what one might call a long approach.
Sorry, do you want to hear about yesterday’s Robinhood session? The House of Representatives for Financial Services has met almost exclusively to call on CEOs involved in the GME revolution last month.
I do not like to write much about these pursuits because I do not want to put too much emphasis on it. They are usually full of sounds and signals and do not legislate anything. But the range of answers may actually indicate tomorrow, tomorrow or tomorrow. as they said.
Democrats have largely hesitated in their previous demands for an end to the open sale of hedge funds, even though the CEO of Melvin Capital has promised that the company has not and will not be able to participate in open card sales at all. … However, Democrats remained utterly hostile to Robinhood’s shortcomings by making sure, as bad as it sounds, that they could be the subject of the SEC’s actions. Both sides broadly addressed the issue of advisability to grant options and margin trading.