Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers - Ep. 378

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 Thank you to our sponsors! 1inch: https://1inch.io/
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

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