The Chopping Block: Will Warren of 0x on Its Settlement With the CFTC - Ep. 546

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 21 September 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders chop it up about the latest news. This week, Haseeb Qureshi and Tom Schmidt speak to Will Warren, cofounder of 0x Labs, to discuss why the CFTC issued them a Wells Notice, how they responded to regulatory scrutiny, and how other countries may offer a blueprint for crypto regulation. 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 the CFTC issued a Wells Notice to 0x how a decentralized application addresses the issue of geolocalization of users how the team at 0x worked together with the CFTC to avoid violating the Commodity Exchange Act (CEA) again what are the implications of the settlement and who's liable for offering services why it's so hard for crypto projects to follow the rules without clear regulatory guidance why Haseeb says that the SEC wants this industry to “not exist” how lack of regulatory clarity may be stunting US innovation whether there's a conflict of interest between the companies building protocols and the protocols themselves Hosts Haseeb Qureshi, managing partner at Dragonfly Tom Schmidt, general partner at Dragonfly Guest Will Warren, cofounder of 0x Labs Disclosures Links Unchained: UniswapX Launches With MEV Protection and Gas Free Swaps CFTC Charges Three DeFi Protocols With Violating AML Rules, Operating Without Licenses Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I think there's basically been no agency
0:04.8	that has offered really complete clarity
0:07.2	about how crypto ought to be regulated.
0:10.2	And it's not as though this is an impossible task.
0:12.0	If you look around the world at other first world countries
0:14.9	that have robust regulatory regimes,
0:17.0	there's a lot of clarity in different places
0:18.7	which shows that it can be done.
0:20.3	Not a dividend.
0:21.4	It's a tale of two pawns.
0:22.4	Now, your losses are on someone else's balance.
0:25.3	Generally speaking, air drops are kind of pointless anyways.
0:28.0	I manage trading firms who are very involved.
0:30.7	I like that eat the ultimate pawns.
0:32.9	DeFi protocols are the antidote to this problem.
0:37.1	Hello, everybody.
0:37.7	Welcome to the chopping block.
0:38.9	Every couple of weeks, we get together
0:40.2	and give the industry insider perspective
0:41.7	on the crypto topics of the day.
0:43.4	This week, we're running a little bit short.
0:45.2	I think it's actually because of conference season,
	...

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