Stephen Palley, partner at Anderson Kill, discusses a few hot-button crypto regulatory issues like lending products, whether DeFi protocols fall under the SEC’s purview, and more. Show highlights:
- why Stephen thinks the SEC and CFTC did not announce more extensive crypto enforcement news this week
- what areas the SEC Chair Gary Gensler and the SEC as a whole are focused on regulating
- what Stephen has heard about whether stablecoins that are not fully-backed are securities
- why Coinbase decided to drop its Lend product
- why Stephen is skeptical that decentralized protocols should be regulated under existing securities laws
- how securities law is contrary to consumer protection in light of DeFi protocols and airdrops
- why DeFi AMMs should be regulated differently than centralized market books
- whether companies running a front-end for a DeFi protocol should be considered an exchange
- why crypto devs are “going Satoshi” because of US securities laws
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Nodle: https://bit.ly/3AXGydJ
Sorare: https://sorare.com
Episode Links
Stephen Palley
- Twitter: https://twitter.com/stephendpalley
- Unchained podcast appearance speaking about Ripple: https://unchainedpodcast.com/the-secs-lawsuit-against-ripple-and-2-execs-what-you-need-to-know/
Topics Covered
Lending Products
- Coinbase blogs regarding Lend
- Lend overview: https://www.jdsupra.com/legalnews/a-september-to-remember-coinbase-avoids-7608131/
- Brian Armstrong angry tweet storm
- BlockFi and Celsius overview
SEC + Gary Gensler
- How SEC Chair Gary Gensler’s Views on Crypto Have Changed Since His MIT Days
- SEC Chair Gary Gensler Washington Post Q&A
- Gary Gensler + Elizabeth Warren letters
Other
- Uniswap delisting certain tokens through its front end
Learn more about your ad choices. Visit megaphone.fm/adchoices
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://unchainedpodcast.com/people-expected-a-big-sec-enforcement-action-this-week-what-happened/
- :has
- :is
- :not
- a
- About
- Action
- Ad
- AMMs
- an
- and
- Announce
- ARE
- areas
- Armstrong
- AS
- At
- BE
- because
- Big
- blockchain
- blogs
- Celsius
- centralized
- certain
- CFTC
- Chair
- changed
- choices
- coinbase
- Coindesk
- COM
- Companies
- considered
- consumer
- Consumer Protection
- contrary
- crypto
- Days
- decentralized
- decided
- DeFi
- DEFI PROTOCOL
- DeFi protocols
- DELISTING
- Devs
- DID
- Drop
- elizabeth warren
- enforcement
- existing
- expected
- extensive
- Fall
- few
- focused
- For
- front
- Gary
- Gary Gensler
- Gensler
- happened
- Have
- heard
- highlights
- his
- HTTPS
- in
- issues
- ITS
- Kill
- Law
- LEND
- lending
- light
- like
- Market
- MIT
- more
- news
- of
- on
- our
- overview
- partner
- People
- plato
- Plato Data Intelligence
- PlatoAiCast
- PlatoData
- podcast
- Post
- Products
- protection
- protocol
- protocols
- regarding
- regulated
- regulatory
- Ripple
- running
- SEC
- sec chair
- SEC enforcement
- sec enforcement action
- Securities
- Senate
- should
- show
- since
- skeptical
- speaking
- Stablecoins
- Stephen
- than
- that
- The
- Thinks
- this
- this week
- Through
- to
- Tokens
- tweet
- Unchained
- under
- us
- views
- Visit
- warren
- washington
- washington post
- Web3
- week
- What
- whether
- whole
- you
- Your
- zephyrnet