Gary Gensler vs. Crypto: What Will the SEC Attack Next?

Episode 485

Two lawyers, Josh Klayman, head of digital assets at Linklaters, and Marc Boiron, chief legal officer at Polygon Labs, offer their takes on the SEC’s recent crypto crackdown. They share what they heard from SEC Chair Gary Gensler’s Congressional testimony, whether this crackdown was inevitable or sparked by FTX, and why a proposed change to the definition of an exchange could be an existential threat for DeFi in the U.S.

Show highlights:

what Gary Gensler’s approach to crypto was when he took office
whether the FTX collapse had any impact at all on the SEC’s recent actions
whether the actions against Coinbase are “inappropriate”
what the differences between Coinbase and Kraken staking services are
why the concept of “exemptive relief” is important for exchanges
whether the SEC is looking to go after AMM-based decentralized exchanges
why SEC Commissioner Hester Peirce says that complying with a new proposal wouldn’t be possible for much of DeFi
why, according to Marc, the industry should be “pushing very hard” against the newly proposed definition of an exchange
whether the SEC’s ability to pursue enforcement actions against ETH is diminished by the statements of the previous SEC chair

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Guests:

Josh Klayman, head of blockchain and digital assets at Linklaters,
Marc Boiron, chief legal officer at Polygon Labs.
Sufficient Decentralization

Podcast Episode Details

Gary Gensler vs. Crypto: What Will the SEC Attack Next?

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Guests:

Previous coverage of Unchained on the SEC’s actions:

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