Gary Gensler vs. Crypto: What Will the SEC Attack Next? - Ep. 485
Unchained
English - April 25, 2023 11:00 - 1 hour - ★★★★★ - 1.2K ratingsBusiness News News Tech News fintech bitcoin blockchain crypto cryptocurrency digitalasset digitalcurrency distributedledger ethereum laurashin Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Two lawyers, Josh Klayman, head of digital assets at Linklaters, and Marc Boiron, chief legal officer at Polygon Labs, offer their takes on the SEC’s recent crypto crackdown. They share what they heard from SEC Chair Gary Gensler’s Congressional testimony, whether this crackdown was inevitable or sparked by FTX, and why a proposed change to the definition of an exchange could be an existential threat for DeFi in the U.S.
Show highlights:
what Gary Gensler’s approach to crypto was when he took office
whether the FTX collapse had any impact at all on the SEC’s recent actions
whether the actions against Coinbase are “inappropriate”
what the differences between Coinbase and Kraken staking services are
why the concept of “exemptive relief” is important for exchanges
whether the SEC is looking to go after AMM-based decentralized exchanges
why SEC Commissioner Hester Peirce says that complying with a new proposal wouldn’t be possible for much of DeFi
why, according to Marc, the industry should be “pushing very hard” against the newly proposed definition of an exchange
whether the SEC’s ability to pursue enforcement actions against ETH is diminished by the statements of the previous SEC chair
Thank you to our sponsors!
Crypto.com
Halborn
Guests:
Josh Klayman, head of blockchain and digital assets at Linklaters,
Marc Boiron, chief legal officer at Polygon Labs.
Sufficient Decentralization
Previous coverage of Unchained on the SEC’s actions:
‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer
Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
Is the Government Trying to Kill Off Crypto in the US?
Coinbase’s Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach’
SEC Chair Gary Gensler Avoids Question: ‘Is Ethereum a Security?’
SEC Sues Bittrex, Names Dash, Algorand and Other Tokens ‘Crypto Asset Securities’
Links
CoinDesk: U.S. SEC Moves Toward DeFi Oversight as It Reopens Proposed Regulations
Proposed rule: Amendments Regarding the Definition of “Exchange” and Alternative Trading Systems (ATSs)
Rendering Innovation Kaput: Statement on Amending the Definition of Exchange
POLITICO: McHenry clashes with SEC’s Gensler over crypto crackdown
Forbes: Crypto Exchange Beaxy Shuts Down Amid SEC Charges
Treasury Releases 2023 DeFi Illicit Finance Risk Assessment
Learn more about your ad choices. Visit megaphone.fm/adchoices
Two lawyers, Josh Klayman, head of digital assets at Linklaters, and Marc Boiron, chief legal officer at Polygon Labs, offer their takes on the SEC’s recent crypto crackdown. They share what they heard from SEC Chair Gary Gensler’s Congressional testimony, whether this crackdown was inevitable or sparked by FTX, and why a proposed change to the definition of an exchange could be an existential threat for DeFi in the U.S.
Show highlights:
what Gary Gensler’s approach to crypto was when he took office
whether the FTX collapse had any impact at all on the SEC’s recent actions
whether the actions against Coinbase are “inappropriate”
what the differences between Coinbase and Kraken staking services are
why the concept of “exemptive relief” is important for exchanges
whether the SEC is looking to go after AMM-based decentralized exchanges
why SEC Commissioner Hester Peirce says that complying with a new proposal wouldn’t be possible for much of DeFi
why, according to Marc, the industry should be “pushing very hard” against the newly proposed definition of an exchange
whether the SEC’s ability to pursue enforcement actions against ETH is diminished by the statements of the previous SEC chair
Thank you to our sponsors!
Crypto.com
Halborn
Guests:
Josh Klayman, head of blockchain and digital assets at Linklaters,
Marc Boiron, chief legal officer at Polygon Labs.
Sufficient Decentralization
Previous coverage of Unchained on the SEC’s actions:
‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer
Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
Is the Government Trying to Kill Off Crypto in the US?
Coinbase’s Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach’
SEC Chair Gary Gensler Avoids Question: ‘Is Ethereum a Security?’
SEC Sues Bittrex, Names Dash, Algorand and Other Tokens ‘Crypto Asset Securities’
Links
CoinDesk: U.S. SEC Moves Toward DeFi Oversight as It Reopens Proposed Regulations
Proposed rule: Amendments Regarding the Definition of “Exchange” and Alternative Trading Systems (ATSs)
Rendering Innovation Kaput: Statement on Amending the Definition of Exchange
POLITICO: McHenry clashes with SEC’s Gensler over crypto crackdown
Forbes: Crypto Exchange Beaxy Shuts Down Amid SEC Charges
Treasury Releases 2023 DeFi Illicit Finance Risk Assessment
Learn more about your ad choices. Visit megaphone.fm/adchoices