Howard Marks is joined by guest Philip Liu, Counsel at Manatt’s counsel and finance practice. In this week’s episode, Howard and Philip discuss recent SEC pronouncements, asset-backed issuances, and companies issuing tokens vs. stock.

Howard Marks sits down with the founder of Chia, Ryan Singer. Ryan discusses Chia’s goal to build a better Bitcoin which will be more decentralized, more distributed, and with a more energy efficient mining process.