On this page
regulatory clarity
Explore "regulatory clarity" with insightful episodes like "BTC142: Bitcoin Policy Update Q3 2023 w/ Perianne Boring (Bitcoin Podcast)", "A Crypto Exchange Crackdown", "Why Coinbase is Suing the SEC with Paul Grewal, Coinbase's Chief Legal Officer", "130 - How to Fix DeFi Tokens | Hasu" and "SBF buys the crypto dip, hedge funds short Tether, VC funding down, flying nuclear cruise mockup | E1495" from podcasts like ""We Study Billionaires - The Investor’s Podcast Network", "The Journal.", "Bankless", "Bankless" and "This Week in Startups"" and more!
Episodes (6)
A Crypto Exchange Crackdown
Why Coinbase is Suing the SEC with Paul Grewal, Coinbase's Chief Legal Officer
Paul Grewal, Coinbase's Chief Legal Officer joins Ryan and David to discuss why Coinbase is Suing the SEC. Why did they choose to respond to the SEC's Wells Notice to Coinbase in the way they did? Is Gary playing 4D chess or is he just embarrassing and pushing U.S. crypto innovation outside of the U.S.?
Tune in to hear Paul's thoughts and much more.
------
📣 SAFE (Gnosis) | Non-Technical Hackathon Sign-up!!
https://bankless.cc/AA
------
BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🧠 AMBIRE | SMART CONTRACT WALLET
https://bankless.cc/Ambire
👻 PHANTOM | FRIENDLY MULTICHAIN WALLET
https://bankless.cc/phantom-waitlist
🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask
------
Timestamps:
0:00 Intro
5:44 Why Coinbase is Suing the SEC?
9:10 SEC Giving Crypto Community Rules?
13:14 Why Gary Thinks There's Clarity
15:22 Petition to Give Crypto Rules!
18:10 Why No Clarity Yet?
20:51 What Kind of Rules Do We Want?
23:44 Engaging with the SEC
26:40 Open Conversation?
34:48 Coinbase Wells Notice
42:11 Why is Gary so Confident?
45:28 Battle of Public Opinion
49:42 Does Crypto Regulation Have Hope?
52:45 Closing & Disclaimers
------
Resources:
Paul Grewal
https://twitter.com/iampaulgrewal
Coinbase Suing SEC Blog Post
https://www.coinbase.com/blog/coinbase-takes-another-formal-step-to-seek-regulatory-clarity-from-sec-for
Coinbase Wells Notice Video
https://www.youtube.com/watch?v=zq2jf4sBdYE&t=576s
Gary's Clarity Video
https://twitter.com/GaryGensler/status/1651624244445421591?s=20
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
130 - How to Fix DeFi Tokens | Hasu
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode:
https://shows.banklesshq.com/p/debrief-how-to-fix-defi-tokens
This is Hasu’s 5th appearance on Bankless and this might be his best one yet. If you’re unfamiliar, Hasu is a crypto-economic researcher at Paradigm, strategist at Flashbots solving MEV, host of Uncommon Core, and more recently, a Governor delegate for MakerDAO and overall DAO governance thinker.
In this episode, we’re going to reorg your brain about what it means to be a DAO. Hear what’s broken about DAOs, the potential solutions, what regulation could do to help, and so much more.
------
📣 Forta | Help Make Web3 a Safer Place
https://bankless.cc/Forta
------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------
BANKLESS SPONSOR TOOLS:
🚀 ROCKET POOL | ETH STAKING
https://bankless.cc/RocketPool
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across
🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave
🌴 MAKER DAO | DECENTRALIZED LENDING
https://bankless.cc/MakerDAO
🔐 LEDGER | SECURE STAKING
https://bankless.cc/Ledger
------
Topics Covered:
0:00 Intro
6:10 DeFi Token Brokenness
12:36 Treasury Management
15:29 Uniswap Token & Fees
27:09 Uniswap’s Strategy
29:58 DAO Governance & Business
33:06 DAOs vs. Digital Organizations
41:55 Regulation vs. DAO Governance
44:53 Founder & Protocol Alignment
50:09 Regulatory Clarity
1:00:16 Regulation’s Bull Case
1:03:58 Game Theory & Gov. Adoption
1:08:05 DAO Constitutions
1:13:13 The Value Prop of DeFi
1:21:03 SubDAOs & Voting
1:28:00 DAO Costs
1:31:04 Summary & Action Items
1:34:09 Why Be Optimistic of DeFi
1:40:53 Closing & Disclaimers
------
Resources:
Hasu
https://twitter.com/hasufl
Fake Dao vs Real Daos by Gabriel Shapiro
https://lexnode.substack.com/p/defining-real-and-fake-daos
The Market for Promises by Anthony Lee Zhang
https://anthonyleezhang.substack.com/p/the-market-for-promises
A Stupid Simple Governance Framework by Andrew Beal
https://30000feet.substack.com/p/issue-72-a-stupid-simple-governance
Hasu’s Recent Maker Governance Post
https://vote.makerdao.com/address/0xafaff1a605c373b43727136c995d21a7fcd08989#delegate-credentials
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
SBF buys the crypto dip, hedge funds short Tether, VC funding down, flying nuclear cruise mockup | E1495
First, we dig into the crypto contagion where FTX CEO Sam Bankman-Fried is stepping in to backstop crypto lenders (2:56). Then, we check in on the billions of dollars sitting in SPACs- remember those (39:27)? We do a quick hit on the venture market drying up in Q2 (54:27) before we get into our We Live in the Future: a mockup of a SkyCruise luxury airliner that uses nuclear power and never lands (1:16:36).
(0:00) Jason and Molly tee up today’s show!
(2:56) FTX CEO Sam Bankman-Fried seems to be acting as the crypto industry's personal backstop right now
(11:25) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(12:38) Reaction to SBF crypto bailouts/loans
(17:47) Traders short Tether: According to WSJ, multiple hedge funds have shorted Tether in trades worth hundreds of millions of dollars
(22:24) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(23:41) Tether’s CTO’s tweet storm
(33:52) Thorne - Personalized, scientific wellness. Go to https://Thorne.com/u/TWIST
(35:08) Gary Gensler clip: “tokens have key assets of securities besides bitcoin”
(39:27) Well over $100B sitting in SPACs looking for companies to invest in
(54:27) VC funding is down to the lowest levels since 2020
(1:16:36) WLITF: SkyCruise, a flying hotel that never lands
(1:23:30) Coming up on This Week in Startups
60 - The SEC and DeFi | Hester Peirce
Bankless Fan and SEC Commissioner Hester Peirce comes on the podcast to discuss tokens, DeFi, 'self-driving banks,' and regulation.
------
🎙️ Bankless Podcasts On Mondays 🌟Early Access with Premium!
https://banklesshq.com/nation/
🎖 If you're truly Bankless, CLAIM YOUR BADGE:
https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge
🌟Rate the Bankless Podcast!
https://podcasts.apple.com/us/podcast/bankless/id1499409058
------
BANKLESS SPONSOR TOOLS:
💰 GEMINI | FIAT & CRYPTO EXCHANGE
https://bankless.cc/go-gemini
🦊 METAMASK | DEFI PASSPORT
https://bankless.cc/metamask
🦄 UNISWAP | DECENTRALIZED EXCHANGE
http://bankless.cc/uniswap
🔀 KWENTA | SYNTHETIC ASSET EXCHANGE
https://bankless.cc/kwenta
------
Bankless Podcast #60 - SEC & DeFi
Guest: Hester Peirce
Hester Peirce is one of five SEC Commissioners and has been a knowledgable advocate for crypto as the world works out how to regulate the budding industry. The main goals of the Security & Exchange Commission are threefold – to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC governs far more than crypto, but increasing attention is coming to the space as capital gravitates into it.
Regulating crypto begins with officially establishing the asset class, e.g. currencies, capital assets, commodities, equities, et al. The next step is giving these assets legitimacy in existing financial institutions through exchange-traded products like a Bitcoin ETF.
Below the base money layer, there exists Layer 0, the social layer. Layer 0 must be willing to officially play ball with the cryptoeconomy, and that's what makes regulators like Hester so important. The net optimization of these layers makes for an unequivocally better society: a more inclusive, equitable, and efficient one.
Hester believes in governing principles, not specific technologies. It's important here to remember the three main goals of the SEC. The value propositions of crypto – providing a permissionless, trustless, and verifiable means to transact – are in accord with the values of a free state. The role of government is to encourage and protect mutually beneficial, voluntary engagement among citizens.
Although the harmony between crypto's core values and those of a free state are readily apparent to a seasoned Bankless listener, the rest of Layer 0 must still be convinced. Crypto is a frontier with infinite possibilities, and effectively regulating such an ecosystem is a massive task. However, based on this conversation, there seem to be many reasons to be optimistic about the future of Crypto & DeFi regulation.
------
Resources:
🚀 Atomic Trading 🚀
https://www.sec.gov/news/speech/peirce-atomic-trading-2021-02-22
Get Ready For Self-Driving Banks
https://www.ft.com/content/c1caca5b-01f7-41be-85a4-3ecb883f2417
Gary Gensler MIT Crypto Course
https://youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
Hester on Twitter:
https://twitter.com/HesterPeirce?s=20
------
This Week on Bankless:
🧢 Weekly Action Recap (4/10): https://newsletter.banklesshq.com/p/the-coinbase-tsunami-weekly-recap
🗞️ Weekly Rollup (4/9): https://shows.banklesshq.com/p/-rollup-coinbase-ipo-fei-protocol
🏴 dYdX & StarkWare (4/6): https://shows.banklesshq.com/p/sotn-41-scaling-defi-with-dydx-and
⚒️ How to Crypto Tax (4/6): https://newsletter.banklesshq.com/p/how-to-do-crypto-taxes-for-the-lazy
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Do your own research.
Disclaimer: The views expressed in the episode are those of Hester Peirce, not the SEC nor any of her fellow commissioners.
Disclosure: From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures