Unchained

The Chopping Block: Was This Gary Gensler's Most Liked Tweet? - Ep. 405

Oct 8, 2022
Crypto optimism varies dramatically between Asia and the U.S., sparking lively debate. The recent CFTC lawsuit against Ooki DAO raises concerns about decentralized governance and legal implications. Celebrity endorsements in crypto come under scrutiny after a hefty SEC settlement, revealing conflicts of interest. The NFT landscape faces challenges with royalty enforcement and marketplace censorship. Meanwhile, the conversation turns to Ethereum's MEV, questioning the ethics of centralization and the need for a technical overhaul in regulatory bodies.
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INSIGHT

Differing Crypto Optimism

  • Crypto optimism is higher in Asia than in the U.S., possibly due to regulatory concerns.
  • U.S. sentiment is currently negative due to regulatory actions and macro conditions.
ANECDOTE

SBF's Regulatory Efforts

  • Sam Bankman-Fried (SBF) is actively working with U.S. regulators, alongside Katie Haun.
  • They carry the weight of the U.S. crypto industry, focusing on FTX's role in derivatives clearing.
INSIGHT

CFTC Lawsuit and DAO Liability

  • The CFTC's lawsuit against Ooki DAO declared DAOs as unincorporated partnerships, making all members liable.
  • This raises concerns about individual liability for DAO actions and could discourage participation in governance.
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