May 25, 2026 6:51 PM
The SEC is flirting with a "Snow Crash" cyberpunk future by considering tokenized stocks that aren't even real shares. These digital tokens can be traded without a company’s consent and offer zero voting rights or dividends to holders. This "scary door" risks creating a fragmented market where corporations replace governments and human value is tied solely to digital assets. Is Michael Burry right to warn against this, or is he just fear-mongering about innovation? What's your take?
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