The Chopping Block: The SEC Is Attacking Crypto – Will Gary Gensler Succeed? - Ep. 456

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Polygon Chief Legal Officer Marc Boiron joins the show to examine the SEC’s recent enforcement ramp-up.

why Marc thinks NYDFS coming after Paxos is the most interesting thing to analyze in the SEC-BUSD spat

whether the SEC and NYDFS actions against Paxos were coordinated

whether a stablecoin is a security and why the SEC might be inclined to go after Paxos

how a stablecoin could resemble a money market fund

whether the SEC action against BUSD consolidates Tether's dominance

why Robert is nervous about the ramifications of the Paxos situation for all of crypto

the unique characteristics of Kraken's staking services that led to settlement with the SEC

the meaning of the settlement for other custodial staking services and staking in general

why Robert voted in favor of the Uniswap governance proposal

why Haseeb is fine with how a16z voted in the proposal

how on-chain governance should be approached

Hosts

Haseeb Qureshi, managing partner at Dragonfly Capital

Robert Leshner, founder of Compound

Tom Schmidt, general partner at Dragonfly Capital

Guest
Marc Boiron, chief legal officer at Polygon

Links

Disclosures

BUSD shutdown

WSJ:

Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token

Regulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin

The Block: Gensler: SEC has been 'clear' on cryptocurrencies

Unchained: Circle Told NYDFS That Paxos-Issued BUSD Wasn’t Fully Backed

SEC vs. Staking
Ethereum ETH Staking Deposits
Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges
Coinbase’s staking services are not securities. And here's why. - Blog
Uniswap governance drama

Unchained episode on the topic: Chris Blec on Why He Believes a16z’s Uniswap Vote Exposes DeFi as a Farce - Ep. 454

Wormhole vs. LayerZero posts

Wormhole

LayerZero

Explanation video from Unchained

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