I did a quick Google search to see who the tweeter is and found this gem[1]:<p>> BC: Will the Bond token be available to U.S. and U.K. users soon?<p>> PD: U.K. is more likely than the U.S., possibly in Q1 we’ll make a deal with the owners of a regulated vehicle. However, the strict laws in the U.K. against bearer securities add further complications.<p>> The structure is actually U.S.-centric, each set of assets is held in a Wyoming LLC that I manage through a Wyoming corporation, and my British colleagues have created an Armenian company that is a customer of that basic wealth management service. US property law backs the LLC membership’s strict rules towards benefiting investors, and the token is backed by a contract between the Armenian company (which owns LLC membership, and thus pass-through ownership of the assets) and the holder. Other people can become LLC members directly and get a 10% higher payment, due to tax withholding in Armenia, but then they can’t get a token to transfer until a year later, due to the SEC rule 144.<p>> Now if that seems like a bit of a maze run, that’s because U.S. securities law is tricky, global attempts at regulation are tricky, and maze running was the easiest way to properly do this for where the world is today. But, the not so easiest ways would be, do a Regulation A offering that goes up to 50M a year in issuance and costs about 120k to file, plus ~30-50k a year in accounting for SEC reporting. Lots of people can do that and arguably, have the registered stock that is held by the company back the issuance of a blockchain token as a bearer scrip – a term that is repeated across many State Corporations Acts. I’m exploring a deal right now where I would spin-off a company from an existing publicly traded company on the OTC exchange, at present, it seems like that’d be a legal way to get a public, regulated security with little upfront cost though 50-100k in reporting costs each year. I think I want to save that for the real estate product I’ve got coming further down the line. My current feeling is that BOND changes things a lot more for people in Latin America, Africa, and Asia than it would for U.S. persons.<p>A Wyoming LLC managed by an American (apparently) through his Wyoming corporation with end investors investing in an <i>Armenian</i> company set up by some dudes in the UK.<p>I always thought crypto was supposed to make things easier and more transparent, and be the antithesis of Wall Street. Things like this are even worse.<p>When Lehman wealth management called me right before the company collapsed fishing for ponzi money, even they weren't pushing me into an Armenian vehicle.<p>[1] <a href="https://news.bitcoin.com/interview-omni-layers-patrick-dugan/" rel="nofollow">https://news.bitcoin.com/interview-omni-layers-patrick-dugan...</a>