SEC Quietly Made a Change That Could Reshape the Financial System | Hyunsu Jung & Michelle Makori
SEC Quietly Made a Change That Could Reshape the Financial System | Hyunsu Jung & Michelle Makori
9-26-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Hyunsu Jung, CEO of Hyperion DeFi, about the rapid shift toward tokenized finance and what happens as AI agents gain the ability to trade, allocate capital, borrow, lend and potentially manage more of our financial lives.
Jung explains how tokenized stocks could reshape Wall Street, why AI-driven markets introduce new systemic risks, and how a large-scale exploit could create financial dislocations reminiscent of 2008.
He also explores the growing role of Bitcoin, Ethereum and stablecoins as finance moves on-chain, while explaining why physical gold and silver remain important as the financial system becomes increasingly digital.
The conversation also examines gold’s role during currency crises and why Jung believes silver is particularly compelling as a key physical input for AI infrastructure.
In this episode of The Real Story with Michelle Makori:
How tokenization could transform Wall Street
AI agents and the risk of an AI-driven market crisis
Bitcoin, Ethereum and stablecoins in the new financial system
Why physical gold still matters in a digital world
Silver’s growing connection to the AI boom
00:00 Coming U
02:21 Introduction
06:27 What You Own On Chain
08:54 24/7 Trading And Disruption
14:02 New Risks And Smart Contracts
18:02 How Smart Contracts Work
22:37 Regulation Playing Catch Up
24:22 Stablecoins And Financial Control
26:35 Agentic Trading Goes Mainstream
33:37 Systemic Risk Nightmare Scenarios
36:23 AI Safety Warnings And Sentience
40:21 Regulatory Capture And AI Economics
42:06 Sentient AI Risks
44:54 On Chain Security
46:24 Does Trading Edge Vanish
49:28 AI IPO Timeline Update
50:37 Hyperliquid Pre IPO Perps
52:20 What You Actually Own
58:30 Who Takes Other Side
01:02:15 24 7 Markets Tokenization
01:04:43 Price Discovery vs Manipulation
01:06:29 Hyperion DeFi Business Model
01:09:33 How Investors Position
01:14:58 Gold Tokenization Link
01:18:33 Wrap Up and Where To Find