Reminder that issuing tokens for assets you don’t have in custody is super, super illegal and raises the questions about what these people intended to happen with the money once the loans were issued

David Marcus Marc Andreessen 🇺🇸 Joe Rogan 1/ I'm proud to have played a small part in ensuring Libra wasn’t approved. While its mission to “bank the unbanked” was admirable, its flawed design posed grave risks: enabling terrorist funding, destabilizing economies, and crippling central banks. Cloaking it as a “de-banked”

Marc Andreessen 🇺🇸 another one for your records. Everest 🗻 's first de-banking story 🧵: 1/ As a licensed custodian facilitating stablecoin transfers on multiple chains, we needed a US bank account to receive dollars via ACH. After months of discussions, approvals, and API

Ok post right up until it mentions ONDO which isn’t licensed

Any day now

Any spooks wanting to move ill gotten gains in a compliant manner should consult Everest 🗻

We are building this future with $LINK. Read the whitepaper: contractlevel.com/whitepaper.pdf

An introductory article on Contract Level Compliance. What is it, why is it, and how does it work? medium.com/@contractlevel…

they told you exactly how it would work with circular value flows right there in the logo you only have yourselves to blame

Bob Reid conducts an “Ask Me Anything” session with Everest investors (2025)

everbased

you're going to see a lot of crazy degenerate and semi-desperate RWA plays a lot of it will mostly be some combination of stupid and illegal and people will be asking us lawyers "how can they do that?" well, they can't, and it won't be sustainable, but they need headlines &