Unchained

Unconfirmed: How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT Days - Ep.275

Sep 24, 2021

Nik De, Managing Editor for Global Policy and Regulation at CoinDesk, shares his expertise on the evolving crypto regulatory landscape. He discusses SEC Chair Gary Gensler's shift in stance on stablecoins and DeFi, emphasizing rising tensions with Coinbase over its Lending product. Nik explores what it would take for crypto exchanges to comply with SEC regulations and the ongoing challenges in classifying stablecoins. He also sheds light on the implications of upcoming regulatory developments, especially as fiscal year-end approaches.

32:54

Creator website

Episode guests

Nik De

AI Chapters

Episode notes

Intro

3min

Evolving SEC Perspectives on Cryptocurrency

6min

Navigating Stablecoin Regulations and Lending Challenges

5min

Regulatory Tensions in Cryptocurrency

7min

Rumors of Regulatory Developments and Weekly Crypto News Recap

5min

Investigations and Innovations in the Crypto Space

2min

Market Dips and NFT Investment Surge Amid Sports-Crypto Ties

4min

Nik De, managing editor for global policy and regulation at CoinDesk, stops by Unconfirmed to discuss the current state of crypto regulation, including recent comments by SEC Chair Gary Gensler on stablecoins and why Coinbase decided to sideline its Lend product. Highlights:

Nik’s biggest takeaway from Gary Gensler’s interview with the Washington Post
why Nik thinks Gensler has escalated his rhetoric regarding stablecoins and DeFi
how crypto exchanges are currently regulated and how that might change
what it would take to convince crypto exchanges to register with the SEC
whether the SEC has the purview to regulate stablecoins
Nik’s thoughts on Coinbase’s Lend product and the SEC’s stance on lending products
what the overall picture of crypto lending is in the US
whether the SEC will go after DeFi protocols
what to expect from the SEC going forward, especially with the end of its fiscal year coming up next week

Thank you to our sponsors!

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

Digital Asset Research: https://digitalassetresearch.com

Sorare: https://sorare.com

Episode Links

Nikhilesh De

CoinDesk articles: https://www.coindesk.com/author/nikde/
Twitter: https://twitter.com/nikhileshde

Content

SEC Chair Gary Gensler Washington Post Q&A
- https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/
Brian Armstrong tweet storm
- https://twitter.com/brian_armstrong/status/1435439291715358721
BlockFi and Celsius overview
- https://www.coindesk.com/policy/2021/09/17/3-states-alabama-securities-commission-also-claims-celsius-violated-securities-laws/

Read my latest Medium post, “The Reason Crypto Regulation Is Turning Out to Be So Difficult,” which takes take a deeper dive into some of the topics addressed in this pod :)