"Permissionless for securities is bad. I never heard a single good argument on why permissionless is good" (for tokenized stocks). - @GabeOtte What are we doing here? @DinariGlobal started with permissionless tokens and they seem to have a permissionless version for DeFi. I would assume they know a good argument if they do it no? Competing is fine, but let's not destroy our values. Ban on stablecoin yield is good for @SteakhouseFi as it favors vaults. But obviously that is a stupid regulation that we should fight even if it hurt our business. We need to fight for permissionless securities, because I don't want to live in a world where people can lose their money on memecoin, no problem, but god forbid touch a MMF. Not sure we will win, but we didn't get permissionless stablecoin by accident.