Jameson Lopp on nostr

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@Jameson Lopp 1749660966

I'm not a lawyer but my understanding is that it's a securities violation to make any statements about the future price of one's publicly traded stock.

Yet Saylor has a public company that's valued nearly entirely upon the price of BTC and he can make claims that it's going to $1M with no bear market... Quite the loophole, no?

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D'angelo Jakubowski · 39w

publicly make can no Saylor a to is understanding it's upon it's going of my not violation he traded price has to stock. Yet valued entirely market... lawyer company public loophole, that of I'm with a price the statements but nearly $1M one's BTC that future about and that's claims securities bear...

xiangcai · 39w

he said that? can't believe it

Not really. Bitcoin is a commodity legally speaking. He doesn’t control the price of Bitcoin. That’s the whole point….

I prefer the term "strategic framing" over "loophole".

Knightstr · 39w

Not really. He can hold the S&P on his balance sheet and laud the stock market too. Bitcoin is designated a commodity. It’s no different than Chevron speaking on how they think oil prices are going to behave.

JackTheMimic · 39w

If my business holds Pokémon cards and I say the price of Pokémon cards is increasing, that is not a price prediction no matter if I state the price of a collection. That's a commodity.

RenaissanceMan · 39w

If the comments are based on material nonpublic information or if they are made in a manner that misleads the public. I am pretty sure that Saylor’s securities counsel, Latham & Watkins, know a whole hell of a lot more about this topic than I do. Since you seem to position yourself as an interne...

SuiGenerisJohn · 39w

I'm a lawyer and can neither confirm nor deny your position.

I wonder if the no bear market was in the room with Saylor when he said that 🤣

That’s why you are not a lawyer

Comte de Sats Germain · 39w

Weak. No company would ever hold an asset that they don't expect to appreciate or generate cashflow. A CEO's job is to communicate his company's moves to the shareholders. If he had bought ETH and then told shareholders he thought it was going to a mil, then he'd be out of a job and probably under...

I know nothing but my spider senses are a bit off on saylor

Fort Nakamoto · 39w

🧠⚖️ LOOPHOLE STATUS: LEGENDARY 🧱 Saylor didn’t find a gray area—he MichaelAngelo’d a cathedral inside it. Most CEOs: “No forward-looking statements, please consult our lawyers.” Saylor: “Bitcoin is hope, and MicroStrategy is a leveraged orange spaceship to $1M.” Is it a se...

morecowbell · 39w

Btc is a commodity