Should You Bet on AI or Crypto? Plus, the SEC’s Tokenized Stock Overhaul
Public Keys by CoinDesk
•
21m
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Ram Ahluwalia, CEO and Founder of Lumida, who makes a non-consensus case that the Fed will hold rather than hike at its September meeting, and argues that AI has more room to run than crypto as capital rotates between the two. Then Joris Delanoue, CEO of Fairmint, breaks down the SEC's proposed overhaul of transfer-agent rules, the first in decades, which could let a blockchain serve as the official record of securities ownership. He unpacks the three models of tokenized equities, the AMC–Robinhood stock-token dispute, and why a single source of truth matters for the issuer-shareholder relationship. Plus, a look at ETF flows, with bitcoin ETFs posting their worst week since July and ether ETFs drawing net inflows.
-
Learn more at bullish.com.
-
Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.
-
To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.
-
Chapters/Timecodes:
00:00 Welcome to Public Keys
00:21 Crypto Green as AI Stocks Sell Off, Oil Tops $100
00:47 Lumida's Ram Ahluwalia on the Macro Picture
01:23 The Non-Consensus Call: No Rate Hike Coming
03:26 Anthropic's Coming S1 and the AI "Nothing Burger"
04:46 Why AI Has More Room to Run Than Crypto
06:58 Tokenization, DeFi, and the CLARITY Act
08:30 Ahluwalia's Top AI Plays and Midterm Positioning
10:27 SEC Proposes Biggest Transfer-Agent Overhaul in Decades
10:42 Fairmint's Joris Delanoue Joins
11:41 The Tokenization Paper-Crisis Parallel
12:43 Three Models of Tokenized Equities
15:17 The AMC–Robinhood Fight Over Stock Tokens
16:19 Fixing the Issuer-Shareholder Disconnect
18:38 Educating CEOs on What Tokenization Unlocks
20:31 ETF Flows: BTC Bleeds $463M, ETH Gains $197M
-
#digitalfinance #finance #bitcoin
Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk...
CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
Twitter: / coindesk
LinkedIn: / coindesk
Instagram: / coindesk
Facebook: / coindesk
Newsletters: https://www.coindesk.com/newsletters
CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkv...
Public Keys: https://open.spotify.com/show/1rqYzRV...
Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8B...
The Policy Protocol: https://open.spotify.com/show/3Fh8ffu...
Up Next in Public Keys by CoinDesk
-
AMC Slams Tokenized Stocks: Why Krake...
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by special guest co-host Ophelia Snyder, Co-Founder of 21Shares.
Payward Chief Commercial Officer Mark Greenberg breaks down Kraken parent Payward's new partnerships with SoFi and the Londo... -
Coinbase Tokenized Stocks Top $100M; ...
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Ben Spiegelman, Head of Institutional at Base, to break down Coinbase's newly launched tokenized stocks. Zach Pandl, Head of Research at Grayscale, unpacks the debut of the first-ever Zc...
-
Blockchain’s Fannie Mae Moment, Bitco...
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie sits down with Michael Tannenbaum, CEO of Figure Technology Solutions, to unpack the company's record quarter, its self-described "Rule of 150," and why it sees blockchain as a standardization engine...
