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Unchained

‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer - Ep. 483

Unchained

Laura Shin

News, Business News, Tech News

4.61.3K Ratings

🗓️ 21 April 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

It got heated this week on Capitol Hill with SEC Chair Gary Gensler testifying before the House Financial Services Committee on his agency’s efforts to rein in the U.S. crypto industry. Jason Gottlieb, partner at Morrison Cohen, unpacks what was said and whether we’ll continue to see more crackdowns from the U.S. securities regulator. Show highlights: Whether ETH is a security and what would be the impact if it was declared as such by the SEC Whether the SEC is harming investors  What the potential impacts of the SEC lawsuit against Bittrex are Why the case against crypto exchange Beaxy could serve as a precursor to a potential case against Coinbase How the SEC’s lack of clear regulation is pushing crypto out of America, according to Jason Why the SEC is trying to expand the definition of an exchange and its possible effects on DeFi Thank you to our sponsors! Crypto.com Railgun DAO  Guest Jason Gottlieb, Partner at Morrison Cohen & Chair of the Digital Assets Department  Previous appearances on Unchained: The Department of Justice Goes After Its First NFT Insider Trading Case Previous coverage of Unchained on the SEC’s actions:  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’ Links CoinDesk: U.S. SEC Moves Toward DeFi Oversight as It Reopens Proposed Regulations Unchained:  SEC Chair Gary Gensler Avoids Question: ‘Is Ethereum a Security?’ SEC Sues Bittrex, Names Dash, Algorand and Other Tokens ‘Crypto Asset Securities’ 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host,

0:09.1

Laura Shin, author of The Crypto Peans. I started covering crypto seven years ago, and as

0:13.8

a senior editor at Forbes was the first Meetry Meter Porter to cover cryptocurrency full-time.

0:18.4

This is the April 21st, 2023 episode of Unchained. With the Crypto.com app, you can buy,

0:24.4

trade and spend crypto in one place. Download and get $25 with the code Laura. Link in the

0:30.8

description. Want to make the most of festival season? Scan your next Coca-Cola for a chance to

0:44.5

win Epic once in a lifetime festival experiences and much, much more. Don't fear missing out.

0:51.7

Festival season is on us. Coca-Cola and Coca-Cola Zero promotional packs participate

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subject to availability. Look for on-pack, info and co-cap for how to enter and tease and cease.

1:00.6

Entrance must be 18 plus. Looking for ways to use less fuel. At SO, we can help.

1:05.7

Small changes we can make today can start to help win the energy challenges we all face.

1:10.6

Like your choice of fuel, making the fuel you buy go further, and even finding alternatives to

1:15.5

using it in the first place. We call this thoughtful driving. The journey won't be easy,

1:21.1

but we want to start it with you. Not what you're expecting to hear from a fuel company.

1:25.8

Well, at SO, we think it's time that changed. Search SO thoughtful driving for changes we

1:30.7

can all start to make today. Ever wanted to use DeFi without being tracked?

1:35.6

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1:41.5

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1:45.1

while Railgun's cutting edge zero knowledge system encrypts your data from public view.

1:50.0

Yes, that includes dextrating. Visit railgun.org or use the railway app at railway.xyz.

1:56.3

Today's guest is Jason Gottlieb, partner at Morrison Cohen and Chair of the Digital Assets

2:01.2

Department. Welcome, Jason.

...

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