Understanding SEC Regulation and the Landscape of Cryptocurrency

Coy Garrison, former counsel to SEC Commissioner Hester Pierce and partner at Steptoe & Johnson, discusses the role of regulation in the crypto industry and what the SEC could be doing to make crypto a better space. Show notes:

• how Coy started working with crypto
• why Coy decided to leave the SEC
• why recent comments by SEC chair Gary Gensler made him hopeful in how the SEC approaches crypto
• how the crypto industry has grown and evolved over the years
• whether the regulations are impeding innovation in the crypto space
• how stablecoins should be regulated
• what Coy thinks about the UST collapse
• what is the SEC’s take on decentralization
• whether ETH is centralized and whether it is a commodity 
• why the SEC has not approved a BTC spot ETF

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021   

Coinchange: https://coinchange.io 

Ava Labs: https://avax.network

The Graph: https://thegraph.com/graph-day

EPISODE LINKS

Coy Garrison

• Linkedin: https://www.linkedin.com/in/coygarrison/

Steptoe & Johnson: https://www.steptoe.com/en/

Previous coverage of Unchained on regulation:

• Why the SEC’s Proposed Rules Affecting DeFi Could Violate the First Amendment: https://unchainedpodcast.com/why-the-secs-proposed-rules-affecting-defi-could-violate-the-first-amendment/

• Why Crypto Twitter’s Disrespect Toward Regulators Is a ‘Really Bad Business Decision’: https://unchainedpodcast.com/why-crypto-twitters-disrespect-toward-regulators-is-a-really-bad-business-decision/
• Can a DeF Smart Contract Be Regulated? Two CFTC Commissioners Discuss: https://unchainedpodcast.com/can-a-defi-smart-contract-be-regulated-two-cftc-commissioners-discuss/

Terra/Luna: 

• Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed: https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/
• Did Someone Deliberately Attack Terra/Luna to Kick off a Death Spiral?: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/
• The Chopping Block: Kevin Zhou on Why He Knew Terra Would Crash: https://unchainedpodcast.com/the-chopping-block-kevin-zhou-on-why-he-knew-terra-would-crash/
• The 5 Biggest Lessons From Terra/Luna’s Collapse, According to Tascha Che:  https://unchainedpodcast.com/the-5-biggest-lessons-from-terra-lunas-collapse-according-to-tascha-che/
• Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too: https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/

Bitcoin Futures ETF vs Spot ETF:

• https://medium.com/@laurashin/why-investment-experts-say-a-spot-bitcoin-etf-would-be-superior-to-bitcoin-futures-etfs-aaab862262ff

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