Law can create ripples far into the future and this week @CanaryFunds 's XRP ETF using the 33 Act shows how choices made a century ago still shape digital tokens and change how capital markets work all at once
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Erin Friez
85 posts
Erin Friez
@ErinFriez
CEO @DAGFamilyOffice | President & Chairman @DWP_advisors | Driving operational excellence | Blockchain Attorney | Pitt Law alum
*opinions are my own
Pittsburgh, PA
Joined October 2025
- Replying to @ErinFriezSo the law built to stop fraud during the Depression just became the engine behind one of the biggest supply shocks in crypto history ..wild how that works 15/15🧵
- Third company with @Max_I_Kahn and now with @DWP_advisors, we're building what wealth management actually needs for digital assets. Real tools for advisors & a platform clients can trust. Let's go.Pleased to announce that @ErinFriez is joining Digital Wealth Partners as Chairman and President. We've built two companies together & she's spent 15 years making crypto work for institutions and now we're doing it at scale.
- Replying to @ErinFriezThe supply shock math is simple institutions can’t buy tokens that don’t exist on the market so price adjusts 12/15🧵
- Replying to @ErinFriezXRP has a fixed supply and Ripple locked half in escrow years ago and with ETF demand on top you get fewer tokens sitting on exchanges 11/15🧵
- Replying to @ErinFriezThis is nothing like stock ETFs since buying a stock ETF doesn’t make shares of Apple or Tesla vanish but assets like BTC and XRP have a fixed total supply 10/15🧵
- Replying to @ErinFriezThis is why the 33 Act ETF approval matters it’s not only about legitimacy or access it changes supply dynamics at the core 13/15🧵
- Replying to @ErinFriezTraditional finance learned disclosure from the 1933 Act and now that same framework is creating a supply squeeze in digital assets 14/15🧵
- Replying to @ErinFriezThink about that every time demand for the ETF rises more tokens leave exchanges and get locked away 9/15🧵
- Replying to @ErinFriezThose tokens can’t be traded or sold they sit in custody vaults backing the ETF shares gone from the circulating supply 8/15🧵
- Replying to @ErinFriezSpot ETFs stand out because they hold the actual tokens not derivatives or futures just the real thing 7/15🧵
- Replying to @ErinFriezAs you know back in 1929 the stock market crashed and investors lost everything because companies were lying about what they sold 2/15🧵
- Replying to @ErinFriezThis held up for 90 years and then crypto showed up and broke everything and I never planned to work in crypto law but the space pulled me in and it became my life 5/15🧵
- Replying to @ErinFriezSo in 1933 Congress passed the Securities Act not to judge if investments were good or bad but to force companies to give full disclosure 3/15🧵
