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Unchained

Why the SEC's Proposed Rules Affecting DeFi Could Violate the First Amendment - Ep.344

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 22 April 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

Peter Van Valkenburgh, director of research at Coin Center, discusses a proposed rule by the US Securities and Exchange Commission that has massive implications for the free-speech rights of crypto software developers in the US. Show highlights: why an SEC proposal changing the definition of “exchange” could violate the right to free speech of US crypto developers whether the SEC is going after DeFi on purpose – as its 200+ page proposal never mentions crypto or DeFi what precedent Peter has found that should prohibit the SEC from taking away software developers’ right to free speech how Peter and Coin Center structured their recent letter of comment to the SEC what the next steps (such as a lawsuit?) should be for the crypto community if the rule goes into effect  why writing software is part of someone's right to free speech what implications the proposed rule could have on AMMs what happens next: when could the rule be put into place? Unchained is hiring!  Find out information on the three openings at Unchained and how to apply here:  part-time remote social media marketing manager: https://unchainedpodcast.com/seeking-part-time-remote-social-media-and-marketing-manager/ part-time remote editorial assistant: https://unchainedpodcast.com/seeking-remote-editorial-assistant/ part-time remote video/audio producer: https://unchainedpodcast.com/seeking-part-time-remote-video-audio-producer/ Announcing The Cryptopians Book Clubs! On April 26th, I will be selling NFT tickets to five 90-minute virtual book clubs in which 22 people can discuss "The Cryptopians" with me and with each other — without worrying about spoilers! Two of the book clubs will also feature special guests.    The sale will go live on Tuesday, April 26, at 1pm ET/10am PT,  and tickets will be $100 each. (The sale will be on Bitski, but the NFTs will not be visible until the sale goes live on the 26th): https://www.bitski.com/@laurashin/created Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021     Coinchange: https://coinchange.io    OnJuno: https://onjuno.com/  Galaxis: https://galaxis.xyz/   Episode Links   Peter Van Valkenburgh Coin Center profile: https://www.coincenter.org/people/peter-van-valkenburgh/ Twitter:  ​https://twitter.com/valkenburgh    The SEC Proposal Proposal: ​https://www.sec.gov/news/press-release/2022-10#  Comments on the proposal: https://www.sec.gov/comments/s7-02-22/s70222.htm  Coin Center’s/Peter’s comment: https://www.coincenter.org/a-new-sec-proposal-has-a-serious-change-hidden-within-its-complex-language/ Coin Center blog on its comment: https://www.coincenter.org/a-new-sec-proposal-has-a-serious-change-hidden-within-its-complex-language/  Gabriel Shapiro’s comment: https://twitter.com/lex_node/status/1516079145213739013  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-hi resource for all things crypto.

0:08.4

I'm your host Laura Shin, author of The Crypto Beans.

0:12.2

I started covering crypto six years ago, and as a senior editor Forbes was the first

0:16.7

mainstream media reporter to cover cryptocurrency full-time.

0:19.9

This is the April 22nd 2022 episode of Unchained.

0:24.5

Alexis, create unstoppable communities by issuing NFTs with interactive dynamic utility

0:31.4

traits that allow any creator to engage with, reward, and monetize their following.

0:38.2

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0:42.2

You can safely deposit cash or cryptocurrencies to earn up to 20% annual yield.

0:47.9

There is no lending or market risk, just simple, high return yield farming.

0:53.0

Create an account today at tridify.cc-unc and receive 40 USDC that's tridify.cc-unc.

1:06.4

If you're frustrated that your bank account is crypto-friendly, it's time to make a change.

1:11.2

On Juno is a powerful new checking account that lets you buy, spend, and earn in crypto.

1:17.2

It's free to open an account and even comes with a metal card.

1:20.7

Download the on Juno app today.

1:23.6

With the crypto.com app, you can buy, earn, and spend crypto in one place.

1:28.4

Download and get $25 with the code Laura, link in the description.

1:33.2

Today's guest is Peter van Valkenberg, Director of Research at CoinCenter.

1:37.3

Welcome Peter.

1:38.3

Hi Laura, it's great to be back.

1:40.8

Yeah, nice to have you.

1:43.1

This week, CoinCenter filed a comment letter with the Securities and Exchange Commission

...

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