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Unchained

The Chopping Block: The SEC Is Attacking Crypto – Will Gary Gensler Succeed? - Ep. 456

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 15 February 2023

⏱️ 77 minutes

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Polygon Chief Legal Officer Marc Boiron joins the show to examine the SEC’s recent enforcement ramp-up. why Marc thinks NYDFS coming after Paxos is the most interesting thing to analyze in the SEC-BUSD spat whether the SEC and NYDFS actions against Paxos were coordinated  whether a stablecoin is a security and why the SEC might be inclined to go after Paxos how a stablecoin could resemble a money market fund whether the SEC action against BUSD consolidates Tether's dominance why Robert is nervous about the ramifications of the Paxos situation for all of crypto the unique characteristics of Kraken's staking services that led to settlement with the SEC the meaning of the settlement for other custodial staking services and staking in general why Robert voted in favor of the Uniswap governance proposal why Haseeb is fine with how a16z voted in the proposal how on-chain governance should be approached  Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Robert Leshner, founder of Compound  Tom Schmidt, general partner at Dragonfly Capital Guest Marc Boiron, chief legal officer at Polygon Links Disclosures BUSD shutdown WSJ: Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token Regulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin The Block: Gensler: SEC has been 'clear' on cryptocurrencies Unchained: Circle Told NYDFS That Paxos-Issued BUSD Wasn’t Fully Backed SEC vs. Staking Ethereum ETH Staking Deposits Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges Coinbase’s staking services are not securities. And here's why. - Blog Uniswap governance drama Unchained episode on the topic: Chris Blec on Why He Believes a16z’s Uniswap Vote Exposes DeFi as a Farce - Ep. 454  Wormhole vs. LayerZero posts Wormhole  LayerZero Explanation video from Unchained  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 pawns.

0:02.4

Now, your losses are on someone else's balance.

0:05.2

Generally speaking, air drops are kind of pointless anyways.

0:08.0

I manage trading firms who are very involved.

0:10.6

I like that eat the ultimate pawns.

0:12.8

DeFi protocols are the antidote to this problem.

0:16.6

Hello everybody, welcome to the chopping block.

0:18.4

Every couple weeks, the four of us get together

0:20.0

and give the industry insider's perspective

0:21.6

on the crypto topics of the day.

0:23.4

The first step, we've got Tom, the DeFi Maven

0:25.4

and Master of Memes.

0:26.6

Next up, we've got Robert, the crypto connoisseur

0:28.4

and Captain of Compound.

0:30.0

Today, we have a special guest, special legal guest

0:32.1

joining us, Mark Boyran, who is the blockchain barrister

0:35.7

and the chief legal officer at Polygon.

0:38.4

And then finally, we've got myself,

0:39.6

I've received a head height man at Dragonfly.

0:41.8

The three of us are early stage investors in crypto,

0:43.6

but I want to caveat that nothing we say here

0:45.0

is investment advice, legal advice,

...

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