SEC Commissioner Hester Peirce on BitMEX, DeFi and a Token Safe Harbor - Ep.194

Hester Peirce, AKA “Crypto Mom,” was just confirmed to a second term as SEC Commissioner of the Securities Exchange Commission in August. In this episode, she talks about:
the reasons for her dissent in the Unikrn Settlement and what she believes would have been a proper penalty
the current status of her token safe harbor proposal
her thoughts on fair launch projects as opposed to traditional VC-backed tokens
her view on how the SEC should view airdrops
her thoughts on whether existing securities laws could be tweaked as opposed to implementing a safe harbor
whether she thinks DeFi governance tokens should be considered securities
her thoughts on DeFi playing its own regulatory role
her thoughts on the Securities Clarity Act introduced in Congress
the chances of a Bitcoin ETF being approved by the SEC in the future
the charges against BitMEX and the effect it may have on the industry in general
stablecoins, and how they might raise securities issues
and whether she thinks that all securities could one day be tokenized
Thank you to our sponsor!
Crypto.com: https://www.crypto.com
 
Episode links: 
Hester Peirce: https://twitter.com/HesterPeirce
SEC: https://www.sec.gov
 
Her dissent on the Unikrn settelement: https://www.sec.gov/news/public-statement/peirce-statement-settlement-charging-token-issuer
 
Unconfirmed interview on her safe harbor proposal: https://unchainedpodcast.com/sec-commissioner-hester-peirce-on-her-safe-harbor-proposal/
Her token safe harbor proposal: https://www.sec.gov/news/speech/peirce-remarks-blockress-2020-02-06
 
Unchained interview with Cmr. Peirce: https://unchainedpodcast.com/sec-commissioner-hester-peirce-come-talk-to-the-sec/
 
Proposal in The Block on ways to amend existing securities law instead of issuing a token safe harbor: https://www.theblockcrypto.com/post/57207/case-for-reg-a-response-commissioner-peirce-sec-token
 
Is UNI a security: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate
 
FCA banning crypto derivatives and ETNs: https://www.coindesk.com/fca-bans-sale-of-cryptoderivatives-to-retail-consumers-in-uk
https://www.theblockcrypto.com/post/79911/uk-regulator-fca-bans-crypto-derivatives-retail-users
 
Securities Clarity Act: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate
 
Statement on ATS’s: https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-ats-role-in-settlement-of-digital-asset-security-trades-09252020.pdf
 
SEC chairman Jay Clayton says all stocks could be tokenized: https://www.theblockcrypto.com/post/79783/all-stocks-tokenized-sec-chairman-clayton
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Hester Peirce, AKA “Crypto Mom,” was just confirmed to a second term as SEC Commissioner of the Securities Exchange Commission in August. In this episode, she talks about:

the reasons for her dissent in the Unikrn Settlement and what she believes would have been a proper penalty the current status of her token safe harbor proposal her thoughts on fair launch projects as opposed to traditional VC-backed tokens her view on how the SEC should view airdrops her thoughts on whether existing securities laws could be tweaked as opposed to implementing a safe harbor whether she thinks DeFi governance tokens should be considered securities her thoughts on DeFi playing its own regulatory role her thoughts on the Securities Clarity Act introduced in Congress the chances of a Bitcoin ETF being approved by the SEC in the future the charges against BitMEX and the effect it may have on the industry in general stablecoins, and how they might raise securities issues and whether she thinks that all securities could one day be tokenized

Thank you to our sponsor!

Crypto.com: https://www.crypto.com

 

Episode links: 

Hester Peirce: https://twitter.com/HesterPeirce

SEC: https://www.sec.gov

 

Her dissent on the Unikrn settelement: https://www.sec.gov/news/public-statement/peirce-statement-settlement-charging-token-issuer

 

Unconfirmed interview on her safe harbor proposal: https://unchainedpodcast.com/sec-commissioner-hester-peirce-on-her-safe-harbor-proposal/

Her token safe harbor proposal: https://www.sec.gov/news/speech/peirce-remarks-blockress-2020-02-06

 

Unchained interview with Cmr. Peirce: https://unchainedpodcast.com/sec-commissioner-hester-peirce-come-talk-to-the-sec/

 

Proposal in The Block on ways to amend existing securities law instead of issuing a token safe harbor: https://www.theblockcrypto.com/post/57207/case-for-reg-a-response-commissioner-peirce-sec-token

 

Is UNI a security: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate

 

FCA banning crypto derivatives and ETNs: https://www.coindesk.com/fca-bans-sale-of-cryptoderivatives-to-retail-consumers-in-uk

https://www.theblockcrypto.com/post/79911/uk-regulator-fca-bans-crypto-derivatives-retail-users

 

Securities Clarity Act: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate

 

Statement on ATS’s: https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-ats-role-in-settlement-of-digital-asset-security-trades-09252020.pdf

 

SEC chairman Jay Clayton says all stocks could be tokenized: https://www.theblockcrypto.com/post/79783/all-stocks-tokenized-sec-chairman-clayton

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