One of the claims Dr. Malone makes is that Uttar Pradesh in India -- an area with population equivalant to that of the United States -- has crushed the virus -- and they are oddly not revealing how they did it.
The chart seems to support this.
Having been to India several times, my first thought when all this began was that India was in a ton of trouble -- the sheer density of human per square inch is hard to convey to someone who has never been there.
And India has fared FAR better than I would have guessed.
2/ This is kind of amazing that JP Morgan would already be feeling the heat from things with goofy names like CAKE and BEEFY and SUSHI ...
But there is no doubt.
The yields in DeFi are incredible and solid. The yields in bank-world are near zero or negative.
3/ Cathie also says that the uptick in regulator activity -- i.e. Gensler & SEC investigating Uniswap and Coinbase -- is a DIRECT result of this pressure on the banks ... and the banks -- JP Morgan, etc. -- are, in turn, pushing Gensler to kill this thing in the crib.
Uniswap is everything good about America -- tech leadership, innovation, MASSIVELY successful, produces massive revenue.
Everyone is HAPPY with Uniswap. There are NO COMPLAINTS.
So the SEC is NOT protecting US. They're protecting someone else.
Uniswap is also backed by @a16z and other big boys, they are about a legit as anything can be -- so I'm hopeful these 'big allies' can make help protect something which VERY CLEARLY should NOT be under attack.
The SEC will attempt to make the argument that Uniswap is facilitating the trade of tokens which 'may be securities'.
And yet, the SEC refuses to very clearly define what specifically makes a token a security, so no one can every know whether they are compliant.