BREAKDOWN: Is Voluntary Regulation the Right Approach to DeFi?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 22 October 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
The IRS taxes non-fungible tokens, Europe debates decentralized finance and more.
This episode is sponsored by Nexo.io, Circle and FTX US.
On this edition of the “Weekly Recap,” NLW looks at the state of crypto legal proceedings and global regulatory discussions, including:
- Hodlonaut wins against Craig Wright in Norway
- Coinbase, Blockchain Association and others file amicus briefs in Grayscale SEC suit
- U.K. updates crypto regulation plan
- EU debates DeFi
(Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: We Are/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, circle, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Saturday, October 22nd, and that means it's time for the weekly |
| 0:27.9 | recap. Before we get into that, however, if you are enjoying the breakdown, please go subscribe |
| 0:32.5 | to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, |
| 0:36.8 | come join us on |
| 0:37.6 | the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 0:42.8 | Also a disclosure, as always, in addition to them being a sponsor of the show, I also work with |
| 0:46.8 | FTX. Happy Saturday, everyone, it's another fine fall weekend. I hope you are enjoying it wherever |
| 0:53.4 | you are. Today we are doing |
| 0:55.4 | a full classic weekly recap looking at a ton of stories that we haven't had a chance to review |
| 1:01.1 | yet, largely concentrated on the legal and regulatory because, God damn, if that's not everything |
| 1:06.1 | that we're talking about in crypto during this bear market, I guess other than the post-narrative |
| 1:10.2 | institutionalization |
| 1:11.1 | that we talked about yesterday. So let's start with a victory for the good guys. The cat has |
| 1:16.9 | won his case. TLDR, Craig Wright, not so affectionately known as fakedoshi among crypto-twit |
| 1:22.7 | was planning to bring a defamation lawsuit against Twitter user Haudelanaut for a series of tweets from |
| 1:27.8 | March 2019. In those tweets, Haudelanot called Wright a fraud and a scammer, a frankly common |
| 1:34.3 | refrain on crypto Twitter. Now, Wright has often gotten litigious around this stuff, even though |
| 1:39.6 | there are a huge number of people who routinely say these same things. Remember, to this day, |
| 1:44.1 | Wright has never produced evidence to prove he is same things. Remember, to this day, Wright has never |
... |
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