The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility - Ep. 503

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 8 June 2023

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner, chop it up about the latest news. In this episode, the Blockchain Association’s Jake Chervinsky breaks down the cases against Binance and Coinbase – and how they are different from FTX – what it means for the crypto industry, and who may be next. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: Why Jake believes that the Binance lawsuit didn’t present major surprises Whether the SEC is trying to ban the crypto industry by enforcement How Binance has been allegedly doing a huge amount of wash trading Whether Gemini is next on the SEC’s enforcement action list How CZ and Coinbase CEOs have responded to the complaints How the market reacted to the lawsuits What the differences are between the Binance case and FTX Why the SEC is alleging that Coinbase is operating as an unregistered broker, exchange, and clearing agency Whether token issuers can bring action against the SEC for harming their business or reputation Whether the crypto industry doesn’t take the SEC seriously Whether the EOS settlement in 2019 shows how inconsistent the SEC has been in its crypto enforcement actions Whether these cases will have an impact in Congress and accelerate legislation What would happen if Gary Gensler stops being the chair of the SEC Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Guest Jake Chervinsky, chief policy officer at the Blockchain Association Previous Unchained Appearances: Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky Everything You Need to Know About the Looming Battle Over Privacy in Crypto All Things Crypto Regulation With Jake Chervinsky Disclosures Links Unchained: SEC Sues Coinbase for Breaking Securities Laws SEC Files Motion to Freeze Binance’s Assets, Asks for ‘Sworn Accounting’ SEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities SEC Calls Solana, Polygon, Algorand and Other Tokens Securities but Misses Ether in Binance Lawsuit US House Republicans Propose Bill That May Give Crypto Assets a Path to Becoming Commodities Fortune: Former Coinbase employee and his brother settle with the SEC, which again dodges proving whether cryptocurrencies are securities Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not a dividend. It's a tale of two puns. Now your losses are on someone else's balance.
0:04.8	Generally speaking, air drops are kind of pointless anyways.
0:07.4	I made the trading firms who were very involved.
0:10.5	I like that heat of the ultimate problem.
0:12.7	DeFi protocols are the antidote to this problem.
0:16.7	Okay, great. All right, let's go ahead and do this.
0:18.8	Hello everybody, welcome to the chopping block. Every couple weeks, the four of us get together
0:22.4	and give the industry inside a perspective on the crypto topics of the day.
0:25.9	So quick intro is first you've got Tom, the DeFi Maven and Master of Memes.
0:29.4	Next we've got Robert, the crypto connoisseur and Captain Compound.
0:32.6	Then we've got Turun, the Gigabrain and Grandpa at Conlet.
0:35.6	And then today we've got a special guest, Jake Turvinsky,
0:38.3	Jurisprudential Juggernaut at the Blockchain Association.
0:41.2	And then you got myself, I have a see, they had a haven't had a dragonfly.
0:44.7	Jurisprudential Juggernaut, that's your best one.
0:48.3	I really like that. I was wondering what I was going to get.
0:50.9	I'm very pleased. Thanks for that.
0:52.8	Well, let me read this. We're early stage investors in crypto,
0:55.3	but I want to caveat that nothing we say here is investment advice, legal advice,
0:58.3	or even life advice, please see chopping block the XYZ for more disclosures.
1:02.6	Jake, it has been a pretty awful week and I'm really glad that you are here to talk us through it.
1:07.4	Let's jump into it because I think there's a lot that we're going to be discussing today.
	...

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