Unconfirmed: Why Terraform Labs Cofounder Do Kwon Is Unfazed by US Regulators - Ep.285

Unchained

English - October 29, 2021 08:30 - 37 minutes - ★★★★★ - 1.2K ratings
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Previous Episode: Not Reporting Info on Some Transaction Partners Could Soon Be a Felony - Ep.284

Next Episode: Tor Bair of Secret on Why Private Smart Contracts Are Important - Ep.286

Do Kwon, cofounder of Terraform Labs, was recently served subpoenas by the US Securities and Exchange Commission during Messari’s mainnet event, leading Kwon and Terraform to preemptively sue the SEC. On Unconfirmed, Kwon discusses:
what Terraform Labs does and how it is building its DeFi ecosystem around TerraUSD ($UST)
why Terraform Labs created its synthetics protocol, Mirror, and how it works
what Do thinks about the SEC’s investigation into Mirror
what happened to Do at Messari’s mainnet event
why the SEC’s approach to crypto regulation does not impact Do very much
what Do thinks about how US regulators are treating crypto companies
how Do would regulate the crypto industry
why he believes the current state of crypto regulation doesn’t work in a global context
why he says the SEC couldn’t do anything to TerraUSD -- even if it wanted to
what two characteristics are critical in building a decentralized protocol
how the crypto industry could improve security in light of the $130 million Cream Finance hack

Thank you to our sponsors!
Avado: ava.do
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Nodle: https://bit.ly/3AXGydJ

Episode Links

Do Kwon
Twitter: https://twitter.com/stablekwon

Terra
Twitter: https://twitter.com/terra_money
Website: https://www.terra.money/
Terra ecosystem: https://docs.terra.money/Reference/ecosystem.html

SEC Lawsuit
CoinDesk

https://www.coindesk.com/business/2021/10/23/terras-do-kwon-was-served-by-sec-new-lawsuit-shows/

Terraform V SEC

https://www.scribd.com/document/534537134/Terraform-v-SEC

Stephen Palley

https://twitter.com/stephendpalley/status/1451709816020348933

Messari Mainnet Serving

https://twitter.com/gogoSlava/status/1439972015910408195

Miscellaneous
SEC charging Abra
https://www.sec.gov/news/press-release/2020-153

Stablecoin market cap comparison
https://coinmarketcap.com/view/stablecoin/

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what Terraform Labs does and how it is building its DeFi ecosystem around TerraUSD ($UST) why Terraform Labs created its synthetics protocol, Mirror, and how it works what Do thinks about the SEC’s investigation into Mirror what happened to Do at Messari’s mainnet event why the SEC’s approach to crypto regulation does not impact Do very much what Do thinks about how US regulators are treating crypto companies how Do would regulate the crypto industry why he believes the current state of crypto regulation doesn’t work in a global context why he says the SEC couldn’t do anything to TerraUSD -- even if it wanted to what two characteristics are critical in building a decentralized protocol how the crypto industry could improve security in light of the $130 million Cream Finance hack

Thank you to our sponsors!

Avado: ava.do

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

Nodle: https://bit.ly/3AXGydJ

Episode Links

Do Kwon

Twitter: https://twitter.com/stablekwon

Terra

Twitter: https://twitter.com/terra_money Website: https://www.terra.money/ Terra ecosystem: https://docs.terra.money/Reference/ecosystem.html

SEC Lawsuit

CoinDesk
https://www.coindesk.com/business/2021/10/23/terras-do-kwon-was-served-by-sec-new-lawsuit-shows/ Terraform V SEC
https://www.scribd.com/document/534537134/Terraform-v-SEC Stephen Palley
https://twitter.com/stephendpalley/status/1451709816020348933

Messari Mainnet Serving