Unconfirmed: People Expected a Big SEC Enforcement Action This Week. What Happened? Days - Ep.277

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By Laura Shin. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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

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Episode Links

Stephen Palley

Topics Covered

Lending Products

SEC + Gary Gensler

Other

323 episodes