Unchained

The Chopping Block: The SEC Is Attacking Crypto – Will Gary Gensler Succeed? - Ep. 456

Feb 15, 2023

Joining the discussion is Marc Boiron, Chief Legal Officer at Polygon, who delves into the SEC's enforcement actions against stablecoins and how they could reshape the crypto landscape. He shares insights on the implications of the SEC's moves against Paxos and the nuances of classifying stablecoins as securities. The conversation also touches on Kraken's staking settlement and its potential ripple effects on the industry. Overall, Marc emphasizes the need for clear guidelines amidst regulatory chaos to foster innovation in the crypto space.

01:17:01

Creator website

Episode guests

Marc Boiron

AI Chapters

Episode notes

Intro

2min

Crypto Regulatory Landscape Update

7min

Stablecoins Under Scrutiny

19min

Regulatory Challenges in Crypto: The Staking Debate

17min

Navigating the Regulatory Labyrinth of Crypto Startups

2min

Challenges in Crypto Regulation and DeFi Governance

12min

Governance Dynamics in Decentralized Finance

13min

The Future of DeFi Amidst Regulatory Challenges

5min

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Polygon Chief Legal Officer Marc Boiron joins the show to examine the SEC’s recent enforcement ramp-up.

why Marc thinks NYDFS coming after Paxos is the most interesting thing to analyze in the SEC-BUSD spat
whether the SEC and NYDFS actions against Paxos were coordinated
whether a stablecoin is a security and why the SEC might be inclined to go after Paxos
how a stablecoin could resemble a money market fund
whether the SEC action against BUSD consolidates Tether's dominance
why Robert is nervous about the ramifications of the Paxos situation for all of crypto
the unique characteristics of Kraken's staking services that led to settlement with the SEC
the meaning of the settlement for other custodial staking services and staking in general
why Robert voted in favor of the Uniswap governance proposal
why Haseeb is fine with how a16z voted in the proposal
how on-chain governance should be approached

Hosts

Haseeb Qureshi, managing partner at Dragonfly Capital
Robert Leshner, founder of Compound
Tom Schmidt, general partner at Dragonfly Capital

Guest

Marc Boiron, chief legal officer at Polygon

Links

Disclosures

BUSD shutdown

SEC vs. Staking

Ethereum ETH Staking Deposits

Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges

Coinbase’s staking services are not securities. And here's why. - Blog

Uniswap governance drama

Unchained episode on the topic: Chris Blec on Why He Believes a16z’s Uniswap Vote Exposes DeFi as a Farce - Ep. 454
Wormhole vs. LayerZero posts
Wormhole
LayerZero
Explanation video from Unchained

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