Crypto needs to fix token holder protections
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Since its genesis, crypto has been a wildly speculative market where excellence in storytelling commands a price premium.
Crypto’s average daily volatility is several times higher than that of traditional assets like gold or equities.
Storytelling pervades all capital markets, but why is it especially pervasive and magnified in crypto?
I can think of two reasons.
The most obvious: its permissionless nature. Anyone can buy a token (no KYC), and anyone can launch a token (see pump.fun’s success).
A second and more subtle reason: weak legal protections for token holders.
As a professional investor, these are all questions…
