Unchained

Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End - Ep. 404

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Kristin Smith, Executive Director of the Blockchain Association, comes to talk about Tornado Cash, the lawsuit against Ooki DAO, the SEC charges against Kim Kardashian, and crypto legislation. 

 

Show highlights:
  • whether regulators did not understand the implications of sanctioning smart contracts
  • the necessity of having a conversation around financial privacy
  • whether the government wants sanctions compliance at the base layer
  • the reasons behind the CFTC lawsuit against Ooki DAO 
  • why the SEC settled charges with Kim Kardashian and whether it was a publicity stunt
  • the chances of the different crypto bills becoming law
  • why Kristin thinks stablecoin legislation won’t come this year
  • whether the CFTC being the main regulator of crypto settles the question of crypto being securities or commodities

    • Thank you to our sponsors!

     

    1inch

    Crypto.com

     

    Kristin

    Twitter 

     

     

    The lawsuit against Ooki DAO

    • Previous coverage of Unchained on Ooki DAO: Why the Ooki DAO Case Could Hurt Participation in DAOs
    • CFTC Filing
    • $250,000 fine
    • CoinDesk’s Nik De’s analysis
    • CFTC Commissioner Summer Mersinger’s dissenting statement
    • Jake Chervinsky’s opinion
    • Ooki DAO’s options
    • CFTC serving the members of the Ooki DAO via their forum
    • Tim Copeland’s article on what’s next for DAOs
    • A federal court ruled that the CFTC legally served Ooki DAO through a website help bot.
    • The LeXpunK Army filed a motion for amicus status in the SEC case against bZx/Ooki DAO.
    • Crypto group DeFi Education Fund argued that the CFTC should properly serve Ooki DAO’s actual members, not just the DAO at large.

      •  Tornado Cash

      • Treasury Press release 
      • Previous coverage of the Tornado Cash sanctions on Unchained:
      • Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No 
      • Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
      • The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
      • Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
      • Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury

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        Legislation

        • Digital Commodities Consumer Protection Act of 2022
        • Europe’s MiCa bill
        • Previous coverage of Unchained on legislation:
        • Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto
        • Congressman Ro Khanna: How to Get More Democrats into Web3
        • Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers

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          SEC charges against Kim Kardashian

          • The SEC fined reality TV star Kim Kardashian $1.26 million for promoting a crypto security without proper disclosure.
          • Fortune article: The SEC’s Kardashian fine was a dumb publicity stunt

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            Stablecoins

            • Stablecoin Draft Bill
            • Bloomberg article: Senator Pat Toomey Still Sees Chance of Stablecoin Legislation This Year

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              UnchainedBy Laura Shin