Dec 16: Are Tokens Equity? The Reckoning of Axelar & Aave

·15 min·1 clip

The host reveals token holders fund projects and take risk but have no legal claim to value, unlike equity holders who get paid in acquisitions.

Guest host Keeley covers major breaking stories in crypto governance, including Circle's acquisition of Axelar's dev team leaving token holders with no claims, the OCC granting national bank charters to Ripple and Circle, and updates on DeFi infrastructure, stablecoin wars, and fundraising. The episode focuses on the structural crisis around token rights versus equity in decentralized projects.

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