On November 20, 2025, Donald Kendal, director of the Glenn C. Haskins Emerging Issues Center at The Heartland Institute, was a guest on the Lars Larson Show. He was asked to be on to talk about the election of socialist Zohran Mamdani as mayor of New York City, and a new Heartland Institute Rasmussen Reports poll showing the growing appeal of socialism to younger voters.

In this episode of The Heartland Daily Podcast, we dive into the controversial 2022 amendments to the Uniform Commercial Code (UCC) and their potential impact on property rights. Join us as we explore how tokenization—a system of creating digital representations of tangible assets—could reshape ownership and control.

We discuss the rise of Central Bank Digital Currencies (CBDCs) and their implications for personal financial freedom, uncover parallels to past legal shifts in securities ownership, and question whether these changes truly democratize access or consolidate power among financial giants. Packed with insights and expert analysis, this episode sheds light on the potential risks and benefits of a tokenized future.

Stay informed, stay skeptical, and stay ahead in this rapidly evolving digital landscape.

Welcome to the Emerging Issues Show - the show where we talking about topics that are popping up on the peripheries of society and public policy.

Today, we are diving into a concept that is reshaping the financial landscape—“tokenization.” It’s being talked about as a way to give more people access to markets, but could it come with some hidden risks?

Our guest today is Daylea Duvall Camp, a fellow in the American Journey Experience Freedom Rising Fellowship program and author of the article “The Tokenization Trap: How you could lose everything on the blockchain.”