Episode description
Marisa Tashman, policy counsel at Blockchain Association, analyzes the US Securities and Exchange Commission’s (SEC) decision to name nine tokens as securities and investigate whether Coinbase lists securities. Show highlights:
why the SEC named tokens as securities in an insider trading case where no exchanges or token teams are listed as defendants
what happens if the Coinbase insider trading case is settled or goes to court
why the SEC’s actions should be considered “regulation by enforcement”
whether there is any process to force the SEC to reveal its reasoning for calling a token a security
why Marisa thinks the SEC is actively harming US investors with its crypto policy
how Coinbase is handling the SEC’s investigation
what Marisa thinks of Coinbase’s listing process
why the Cynthia Lummis-led crypto regulatory framework is a good start
what Marisa believes will happen in the crypto regulatory landscape in the near future
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Episode Links
Marisa Tashman https://twitter.com/mtash
Blockchain Association
https://theblockchainassociation.org/
Coinbase SEC investigation into listing unregistered tokens: https://www.bloomberg.com/news/articles/2022-07-26/coinbase-faces-sec-investigation-over-cryptocurrency-listings
SEC insider trading case: https://www.sec.gov/news/press-release/2022-127
Coinbase does not list securities blog post: https://blog.coinbase.com/coinbase-does-not-list-securities-end-of-story-e58dc873be79
Coinbase petition: https://www.sec.gov/rules/petitions/2022/petn4-789.pdf
SEC Regulation by Enforcement Response CFTC Commissioner: https://twitter.com/CarolineDPham/status/1550159347984044033
Lindsay Lin: https://twitter.com/lindsayxlin/status/1552320370019106822?s=21&t=4OaAjw3r8NlH23ppWiVK1w
Jake Chervinsky: https://twitter.com/jchervinsky/status/1550515627961589762?s=20&t=gGwDPAJzZXSu6Gwc9agDOg
Hester Peirce: https://www.coindesk.com/policy/2022/05/03/hester-peirce-pushes-back-against-secs-plans-to-nearly-double-crypto-enforcement-staff/
Matt Levine: https://twitter.com/matt_levine/status/1550202036570017792?s=20&t=e1g8U-V4K_ixd1vJoRc9gA
Chair Gary Gensler wanting crypto exchanges to register as securities exchanges: https://www.bloomberg.com/news/articles/2022-07-28/sec-chair-gensler-hardens-line-on-crypto-exchange-registration?sref=m9L277rN
https://twitter.com/garygensler/status/1552700562533236739?s=21&t=mNENJd2qeQYkeFFdZqWUPA
Gillibrand x Lummis Crypto Regulatory Framework
https://www.gillibrand.senate.gov/news/press/release/-lummis-gillibrand-introduce-landmark-legislation-to-create-regulatory-framework-for-digital-assets
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