The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility - Ep. 503

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner, chop it up about the latest news. In this episode, the Blockchain Association’s Jake Chervinsky breaks down the cases against Binance and Coinbase – and how they are different from FTX – what it means for the crypto industry, and who may be next.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:

Why Jake believes that the Binance lawsuit didn’t present major surprises

Whether the SEC is trying to ban the crypto industry by enforcement

How Binance has been allegedly doing a huge amount of wash trading

Whether Gemini is next on the SEC’s enforcement action list

How CZ and Coinbase CEOs have responded to the complaints

How the market reacted to the lawsuits

What the differences are between the Binance case and FTX

Why the SEC is alleging that Coinbase is operating as an unregistered broker, exchange, and clearing agency

Whether token issuers can bring action against the SEC for harming their business or reputation

Whether the crypto industry doesn’t take the SEC seriously

Whether the EOS settlement in 2019 shows how inconsistent the SEC has been in its crypto enforcement actions

Whether these cases will have an impact in Congress and accelerate legislation

What would happen if Gary Gensler stops being the chair of the SEC

Hosts

Haseeb Qureshi, managing partner at Dragonfly

Robert Leshner, founder of Compound

Tom Schmidt, general partner at Dragonfly

Tarun Chitra, managing partner at Robot Ventures

Guest

Jake Chervinsky, chief policy officer at the Blockchain Association

Previous Unchained Appearances:

Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky

Everything You Need to Know About the Looming Battle Over Privacy in Crypto

All Things Crypto Regulation With Jake Chervinsky

Disclosures
Links

Unchained:

SEC Sues Coinbase for Breaking Securities Laws

SEC Files Motion to Freeze Binance’s Assets, Asks for ‘Sworn Accounting’

SEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities

SEC Calls Solana, Polygon, Algorand and Other Tokens Securities but Misses Ether in Binance Lawsuit

US House Republicans Propose Bill That May Give Crypto Assets a Path to Becoming Commodities

Fortune: Former Coinbase employee and his brother settle with the SEC, which again dodges proving whether cryptocurrencies are securities

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