MetaLawMan

Even the editors of the liberal @BostonGlobe can’t bring themselves to endorse Ed Markey. That should tell you something. Vote @DeatonforSenate. 🇺🇸

Good People of Massachusetts, It’s time to Shock the World. Elect a Fighter who will put Your Interests ahead of allegiance to party bosses. Vote pro-Freedom. Vote @DeatonforSenate 🇺🇸 👇

This gentleman has NO CLUE about AI. And he wants another 6 year term in the Senate. Massachusetts voters really need to retire @SenMarkey on Nov. 3. Watch this. 👇 @elonmusk @DavidSacks @sama @DarioAmodei

Tokenized Stock Trading! Yes, this is a BIG DEAL. The SEC’s new INNOVATION EXEMPTION, permitting trading of tokenized stocks in the U.S., is one of the most significant developments in the history of capital markets. Hard to believe my law firm was working with Overstock and others on stock tokenization a DECADE ago. None of us thought it would take this long to get the SEC’s blessing. And now it’s finally here! Why is this such a big deal? When I started as a lawyer advising the securities industry, the operating standard for stock trading was “T+5.” It literally took 5 DAYS for stock trades to settle. 😂 In my professional lifetime, securities settlement has gone from 5 days to nearly instantaneous with blockchain-based settlement. And the cost to trade has similarly gone from roughly 1% of the trade value to essentially zero. As my father would say—“I never thought I’d see the day.” Tokenized trading and blockchain-based settlement are here to stay. The securities industry will never be the same. Traditional trading venues (like NYSE & NASDAQ) will have to adapt rapidly, or die; as will the brokers who are/were the traditional interface between investors and stock trading venues. But, as with any new technology—A LOT CAN GO WRONG. Let’s just hope the pioneers in this space don’t screw it up for the rest of us. 😎 I wish them all great success.

After Extraordinary Concessions to Democrats . . . The Clarity Act FAILS in the Senate. Elizabeth Warren outmaneuvers Republicans. Again.

If you don’t know the story of what happened inside the World Trade Center towers on 9/11, I STRONGLY encourage you to read the book 102 MINUTES. The extreme courage shown that morning by the firefighters, police officers and regular Americans is absolutely astounding. 🇺🇸

Here’s my friend, Senate candidate @JohnEDeaton1 behind the bar. John connects with people because he has struggled through hard times in his life, just like them. John Deaton is one of us. The election is just 60 days away. With your help, John will win in November. 🇺🇸

FIDELITY is a major employer & taxpayer in Massachusetts. FIDELITY “urges Senate passage of the CLARITY ACT.”👇 But Senator Ed Markey will vote NO ON CLARITY—REGARDLESS OF WHAT IT SAYS. Markey is running for re-election. MA voters, you know what to do. Vote @DeatonforSenate

Congratulations to the Big Bank Lobby & Sen. Elizabeth Warren on defeating the Clarity Act (for now). Now: 1. Trump & his family can continue to do whatever they want in crypto; and 2. Crypto exchanges can continue paying unlimited yield on stablecoin deposits. Well played.

Trump Can Cancel Senate Recess In 1989, the DOJ’s Office of Legal Counsel issued a formal legal opinion concluding that: “The President has the power to convene the Senate during the planned August recess.” Note: This Opinion was issued 37 years ago—not dreamed up yesterday.

The Declaration of Independence was first read to the people of Boston from this balcony. Their reaction was a mix of enthusiasm and dread. They understood that they were defying the most powerful force on Earth—the British Empire. The regulation, taxation and censorship by an unaccountable government had become intolerable. So they chose to fight for Freedom. They would pay a heavy price for that choice. Now, nearly 250 years later, their hard-won Freedom is the inheritance of every American. If we can keep it.

Q: What would be worse than the Senate voting down the Clarity Act? A: @LeaderJohnThune refusing to bring the Clarity Act to the floor for an up or down vote. Could that happen? Yes, it could. Why is that worse? Because every pro-innovation voter needs to know where EVERY Senator stands on the Clarity Act BEFORE the November elections.

NEW: The Supreme Court of Virginia has declared the recent redistricting referendum UNCONSTITUTIONAL. Not a surprise. 👇

One great thing about the USA: YOU DON’T NEED PERMISSION I disagreed with how the Big Law Firm model operated in this country, so I decided to build something different. I didn’t ask permission. In 2010, I decided to build from scratch an All-Star Team of legal professionals to represent the securities industry. My partners who signed on also took a risk. We were all in it together. Ten years later, that All-Star Team was recognized as the #1 law firm in the country in the area of securities regulation. YOU don’t need permission. If you have a vision for a better product or service—go for it. In my opinion, it is better to have tried and failed than to have never really tried at all. (Paraphrasing T. Roosevelt)