Bankless What's the Point of Securities Laws? with Mike Selig
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Jan 5, 2023 Mike Selig, a crypto lawyer and former CFTC regulator, dives into the intricacies of securities laws as they relate to cryptocurrency. He discusses what defines 'investment contracts' and why clarity is essential for compliance. The conversation also explores the challenges of navigating regulations in an evolving crypto landscape, the tension between SEC and CFTC approaches, and how decentralization is influencing regulatory frameworks. Selig shares insights on the future of regulation and the need for tailored solutions in this rapidly changing industry.
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Securities Laws Importance
- Securities laws are fundamental to financial instruments and assets.
- Understanding them is crucial for the crypto industry's proper development.
Investment Contracts: A Vibe
- Investment contracts, a key aspect of securities law, are a legal "vibe."
- Other security types like stocks and notes have more concrete definitions.
Securities Laws Origins
- Securities laws originated from historical bubbles like the South Sea Bubble.
- They protect investors from schemes and market manipulation.