Kristin Smith, Executive Director of the Blockchain Association, comes to talk about Tornado Cash, the lawsuit against Ooki DAO, the SEC charges against Kim Kardashian, and crypto legislation. 

Show highlights:

• whether regulators did not understand the implications of sanctioning smart contracts
• the necessity of having a conversation around financial privacy
• whether the government wants sanctions compliance at the base layer
• the reasons behind the CFTC lawsuit against Ooki DAO 
• why the SEC settled charges with Kim Kardashian and whether it was a publicity stunt
• the chances of the different crypto bills becoming law
• why Kristin thinks stablecoin legislation won’t come this year
• whether the CFTC being the main regulator of crypto settles the question of crypto being securities or commodities

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The lawsuit against Ooki DAO

• Previous coverage of Unchained on Ooki DAO: Why the Ooki DAO Case Could Hurt Participation in DAOs
• CFTC Filing
• $250,000 fine
• CoinDesk’s Nik De’s analysis
• CFTC Commissioner Summer Mersinger’s dissenting statement
• Jake Chervinsky’s opinion
• Ooki DAO’s options
• CFTC serving the members of the Ooki DAO via their forum
• Tim Copeland’s article on what’s next for DAOs
• A federal court ruled that the CFTC legally served Ooki DAO through a website help bot.
• The LeXpunK Army filed a motion for amicus status in the SEC case against bZx/Ooki DAO.
• Crypto group DeFi Education Fund argued that the CFTC should properly serve Ooki DAO’s actual members, not just the DAO at large.

 Tornado Cash

• Treasury Press release 
• Previous coverage of the Tornado Cash sanctions on Unchained:
• Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No 
• Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
• The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
• Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
• Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury

Legislation

• Digital Commodities Consumer Protection Act of 2022
• Europe’s MiCa bill
• Previous coverage of Unchained on legislation:
• Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto
• Congressman Ro Khanna: How to Get More Democrats into Web3
• Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers

SEC charges against Kim Kardashian

• The SEC fined reality TV star Kim Kardashian $1.26 million for promoting a crypto security without proper disclosure.
• Fortune article: The SEC’s Kardashian fine was a dumb publicity stunt

Stablecoins

• Stablecoin Draft Bill
• Bloomberg article: Senator Pat Toomey Still Sees Chance of Stablecoin Legislation This Year

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