Some critics of the industry have warned that the frenzy around tokenization could introduce new systemic risks, especially in the absence of stringent regulation. In July, Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission who has frequently spoken positively about cryptocurrency, said tokenized securities would not be able to circumvent existing securities laws.

“Systemic” is a banned word these days. But the current people in charge love systemic issues. They just don’t want you to clearly label them as such. Systemic issues disproportionately impact lower classes and minorities.

This is why the word “woke” Had to be destroyed and turned into the non-word it is today.