CARPE CONSENSUS: Gensler’s Hammer Strikes Twice as the SEC Sues Binance and Coinbase
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 June 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
The back-to-back lawsuits present new questions about the future viability of crypto exchanges in the U.S.
“Carpe Consensus” hosts Ben Schiller and Cam Thompson are joined by Nik De, CoinDesk's managing editor for global policy and regulation, to recap the wild week in regulation.
- [2:57] Inside the Desk: Monday morning, Binance was sued by the SEC. Tuesday, the same fate befell Coinbase. Nik De breaks down the technicalities and what these regulatory actions mean for the broader industry.
- [18:53] Consensus @ Consensus: CoinDesk published its inaugural Consensus @ Consensus Report, detailing insights and recommendations gathered from Consensus 2023.
“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.
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Transcript
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| 0:00.0 | This is Carpe Consensus. |
| 0:11.0 | Join hosts Ben Schiller, Danny Nelson, and Cam Thompson as they seize the world of crypto. |
| 0:22.7 | Hello and welcome to Carpe Consensus. |
| 0:25.3 | My name is Ben Schiller. |
| 0:26.2 | I'm the features editor here at CoinDesk. |
| 0:28.6 | Joining me today is Cam Thompson. |
| 0:30.4 | Hey, Cam. |
| 0:31.0 | Hey, Ben. |
| 0:31.9 | How are you doing? |
| 0:33.4 | It's quite a day in Crypto Land. |
| 0:35.5 | Some big enforcement actions coming. Just to say, Danny Nelson is out this week, |
| 0:40.3 | enjoying a well-deserved break, and so we'll pick it up without him. So, Cam, what do you make at this? |
| 0:45.4 | It's pretty big news. Wow, it's been a crazy past 24 hours. I think exactly 24 hours ago |
| 0:52.4 | is when the Binance SEC lawsuit came out. |
| 0:57.8 | And then once again this morning with Coinbase, I mean, you know, I'm not really surprised |
| 1:02.4 | if I'm being honest. I think we can get into it a lot more. But I think that it is a very big |
| 1:09.5 | moment in the crypto regulatory landscape in terms of how we |
| 1:15.4 | determine what tokens are securities and which are not. That's really what I'm looking at. |
| 1:21.4 | So what are you looking at? How do you make sense of all of this, Ben? |
| 1:26.1 | Well, I agree with you. I'm not really very surprised. I mean, Gary Gensler, you know, |
| 1:29.4 | is a bet noir amongst the crypto industry. He's not very popular, but he has been quite |
| 1:34.0 | consistent, at least in his pronouncements, about what is and what isn't a security. |
... |
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