Dear SEC Chair Gensler:

First, let me say I’m a little intimidated by your expertise.

When do you sleep?

That said, I don’t envy your current role…

The SEC is supposed to protect investors. What happened?

This week, Coinbase announced that the SEC has threatened to sue them if they launch their new Lend product, which allows investors to earn up to 4% interest on their crypto holdings. [Read the blog post here.]

The crazy part? According to Coinbase, the SEC won’t tell them what’s illegal about Lend.

On the surface, Lend seems pretty innocuous. There are dozens of DeFi projects that already let investors earn interest on their crypto holdings. Of course, none of these are run by a large, publicly-traded company like Coinbase.

(Full disclosure…

Today, I’m coming out of the closet.

Over a decade ago, I discovered a little book called Think and Grow Rich. Written in 1937 by Napoleon Hill (pictured above), it is considered one of the classic self-improvement books. The basic premise is that our thoughts become things.

If you want to become rich, Hill says, think rich. Develop a plan for how you will acquire wealth, and repeat it to yourself over and over again. Infuse your thoughts with passion and desire, and don’t stop until your wealth appears.

On the one hand, there’s nothing controversial about this idea. Obviously…

Let’s talk about fees.

Since the beginning of blockchain, we’ve painted this vision of crypto: “Imagine sending money around the world, instantly, with no fees!” What’s more, we’ve railed against old-school financial institutions with their sky-high fees. “Credit card companies take 3% of your transaction!”

Today, the reality is that most crypto transactions take a far bigger percentage in fees.

For an example, take the Ethereum EIP-1559 upgrade. One of the primary improvements was the fee structure, so I was excited to try it out — especially since Ethereum is increasingly the dominant platform in blockchain.

I swapped $1000 of…

Circle, one of blockchain’s biggest and most respected companies, is going public on the New York Stock Exchange.

It’s happening through a SPAC instead of an IPO: in plain English, this means that Circle will merge with Concord Acquisition Corp., another company that’s already publicly listed. This is a popular way for tech companies to “go public” without having to go through the rigamarole of an IPO. (Also, smart investors can get in early.)

For blockchain investors, what this means is you can buy Circle stock now, under the ticker CND. Note you’re not technically buying Circle stock, until the…

It’s easy to make money in the block market when the price of bitcoin is soaring. But what about now?

Just three months ago (three months in crypto time = three years in human time), bitcoin was hitting new highs, topping out at about $63,500 per bitcoin. Today, it’s about half that.

Manic, followed by depressive.

If this is your first ride on the crypto roller coaster, you may feel like throwing up. It’s easy to buy bitcoin when times are good, constantly refreshing the price, watching your investment go up and up. Then, in just three months, it loses…

Imagine if you had a superpower that let you invest in the next Google, Amazon, or Apple.

I picture this as a kind of “Spidey Sense” that lets you spot the next high-growth, billion-dollar company. Let’s call this superpower “Uni-Sense.”

Today I’ll help you unlock that superpower.

This is a bold claim, but that’s how confident I am in the growth of DeFi, the Decentralized Finance technology that’s coming to take over the banks. I’m even more confident that they have no idea what’s happening: DeFi is eating banks.

If you’re new to the space, DeFi is a new kind…

Nathan Cummings was a grocery tycoon (you don’t hear those two words very often) who built Consolidated Foods, later known as The Sara Lee Corporation. You may know Sara Lee for their frozen cakes, but the company was much more, selling a wide variety of foods, beverages, and household products around the world.

Although he came from humble beginnings, the first child of Jewish Lithuanian immigrants, Cummings became a very rich man. As his wealth grew, he gave much of it away, becoming an avid philanthropist, especially in the arts. …

Way back in February 2020 B.C. (Before Covid), U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce put together a proposal to help the blockchain industry innovate in a safe manner. In plain language, she suggested a three-year “Safe Harbor” — or grace period — to allow blockchain projects to achieve decentralization, allowing more projects to be “born in the USA.”

We were very supportive of this idea, and since Commissioner Peirce asked for feedback from the blockchain community, we worked with our Bitcoin Market Journal newsletter subscribers to help improve the proposal. …

When I wrote my blockchain investing book in September 2018, I laid out a Blockchain Believers Portfolio, which was smart and simple:

That’s it. Set it and forget it.

The goal was to make it super-easy for everyday investors to build long-term wealth: blockchain for everyone.

I couldn’t get any financial advisers interested in the Blockchain Believers Portfolio.

I couldn’t get any bankers interested in the Blockchain Believers Portfolio.

Sir John Hargrave

Author of Mind Hacking ( CEO of Media Shower ( Making things better.

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