Unchained

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Unchained episodes

  • Uniswap Founder Hayden Adams on How ‘Hooks’ Make v4 Different - Ep. 508

    The announcement of the upcoming launch of Uniswap v4 sparked fresh versions of old debates. Is it OK for DeFi’s leading DEX to not be fully open source at launch? What counts as composability and what counts as plagiarism? Is Uniswap’s dominance a threat to decentralization? Founder Hayden Adams joins the show to respond to the critics and explain the novel features of Uniswap v4. 


    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:

    • how Uniswap was born and how it has evolved since 2018
    • how the SushiSwap vampire attack was a win for Uniswap 
    • whether the new version of Uniswap brings it closer to the true ethos of Ethereum
    • what the problems were with the previous fee model and how the new v4 approaches fee tiers
    • an explanation of “hooks,” the most important feature of the new code
    • what Hayden thinks the most common uses of hooks will be
    • how v4’s time-weighted average market maker (TWAMM) feature works 
    • whether Hayden is worried that hooks will be engineered to do rug pulls
    • what Hayden thinks about v4’s new “singleton” approach
    • how EIP-1153 (if implemented) will make Uniswap v4 more efficient 
    • when Hayden estimates that the v4 code will be deployed 
    • why Uniswap decided to go with a four-year business license
    • Hayden’s response to allegations that Uniswap plagiarized Crocswap for its v4 code
    • whether there’s a risk that U.S. authorities blacklist certain transactions on v4
    • whether it is possible to add KYC and AML compliance into v4 pools
    • why Hayden is sad about the U.S. approach to regulating crypto
    • why he believes that Uniswap will not become a centralizing force
    • Thank you to our sponsors!
      • Crypto.com
      • TOKEN2049
      • OKX
      • Guest:
        Hayden Adams, founder of UniswapLinks
        • Unchained:
        • Uniswap Releases Draft Code for V4
        • Uniswap V3 Forks Are Now Legal After BSL Expiry
        • Liquidity Pools: How DEXes Allow Trading
        • Uniswap: Our Vision for Uniswap v4
        • EIP-1153: Transient storage opcodes
        • v4-core/LICENSE at main · Uniswap/v4-core · GitHub
        • Frax Finance’s Sam Kazemian tweet
        • TWAMM - Paradigm
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          1 hr 21 min
        • SEC’s Hester Peirce Tackles ‘Frustrating’ Crypto Regulation – And Why It’s So Slow - Ep. 507

          SEC Commissioner Hester Peirce has a reputation in the industry for being more supportive of crypto than her peers. After a rough year for the industry, Peirce weighs in on whether the agency was right in recently naming several crypto tokens as securities, the state of the current regulatory framework, and the slow pace of change. “All I can say is that I’ve been at the agency for over five years, and it’s very frustrating to me that in that time we haven’t done something more productive,” Peirce tells Unchained. 

          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:

          • what would Peirce do to regulate crypto if she were chair of the SEC
          • whether the SEC was right in alleging that SOL, ADA, MATIC, and more are securities
          • why Peirce says the SEC’s current approach will take many years to find a resolution
          • whether special purpose broker-dealer licenses are a solution 
          • why Peirce believes that the existing regulatory framework is not enough to oversee digital assets
          • her views on the pressing need to find a way to make existing regulations comport with a technology that doesn’t require intermediaries
          • whether the fact that many SEC employees worked on the Hinman speech reflects the opinion of the agency as a whole
          • why Peirce is “very frustrated” after five years of working at the SEC
          • why she’s been seen as the “Crypto Mom” and why she thinks it’s so important to provide a clear regulatory framework
          • Thank you to our sponsors!
            • Crypto.com
            • Copilot Money
            • Proton
            • Guest
              • Hester M. Peirce, SEC Commissioner
              Links
              • Previous coverage of Unchained on the topic:
              • The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility
              • These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler
              • ‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer
              • Gary Gensler vs. Crypto: What Will the SEC Attack Next?
              • Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
              • Unchained:
              • SEC Sues Coinbase for Breaking Securities Laws
              • 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
              • Coinbase Seeks to Compel SEC Response to Rulemaking Petition
              • The Block: 
              • Ripple calls for investigation into former SEC official after document release
              • Former SEC director Hinman's plan to call Vitalik Buterin revealed in suit
              • SEC comments on Hinman speech released in Ripple Labs filing
              • WSJ: Who Is Brian Armstrong? Coinbase CEO Is Taking On the SEC
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                44 min
              • The Chopping Block: Why Uniswap V4 Creates a Bigger Attack Surface Area - Ep. 506

                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, Robert stirs the debate over Hinman's 2018 speech and what it means for the debate at the SEC over whether BTC and ETH should be considered securities, the similarities between Ethereum and Solana, and how Binance.US is dealing with a move to freeze its assets. Moreover, the group kicks off with a brief history lesson on the infamous PEPE meme!

                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: 

                • where the PEPE meme comes from
                • whether Mark Zuckerberg and the project Libra played a role in the animosity toward crypto
                • why Robert says that Hinman's speech in 2018 was crafted with broad inter-agency work, in contrast to what the SEC has been saying
                • how the documents show that the SEC didn't believe there was enough clarity to classify ETH as a security
                • whether these documents diminish Gary Gensler's claims that almost everything in crypto is a security
                • the similarities between Ethereum in 2017 and Solana at the moment
                • what the drama is in Solana around forking Alameda coins
                • what the new features of the Uniswap V4 draft code are
                • whether the 'hooks' in the new code facilitate rug pulls and introduce much more complexities
                • how Binance.US has dealt with the SEC lawsuit and request to freeze its assets
                • Robert's crazy idea to use Uniswap V4 and why Tarun killed it
                • what extreme sports represent crypto more accurately
                • 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
                    DisclosuresLinks
                    • Unchained:
                    • SEC Anticipates Responding to Coinbase Petition in 120 Days
                    • Binance.US and SEC Work On Deal to Avoid Total Asset Freeze: Report Binance.US Says SEC’s Request to Freeze Assets Would End Crypto Exchange
                    • Binance, Coinbase and Binance.US Record $4 Billion in Weekly Outflows
                    • Uniswap Releases Draft Code for V4
                    • The Block: 
                    • Ripple calls for investigation into former SEC official after document release
                    • Former SEC director Hinman's plan to call Vitalik Buterin revealed in Ripple lawsuit
                    • SEC comments on Hinman speech released in Ripple Labs filing
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                      58 min
                    • Hong Kong's New Crypto Regulation: Will It Attract the Industry? - Ep. 505

                      On June 1, Hong Kong implemented new crypto regulations to license exchanges. Two experts – Angelina Kwan, CEO of Stratford Finance (and former COO of BitMEX), and Adrian Lai, founder and managing partner of Newman Capital – weigh in on the new rules in Hong Kong, which tokens can be listed, recent reports that China may be sanctioning this activity, and how the crypto community is responding so far. Plus, they dissect the latest developments of the digital yuan, whether China will ever embrace public blockchains, and the shifting global regulatory landscape for crypto, and more.

                      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:

                      • Angelina’s and Adrian’s backgrounds in crypto in Hong Kong
                      • how crypto in Hong Kong has evolved over the years
                      • what the new Hong Kong Securities and Futures Commission (SFC) rules consist of, including which tokens will be allowed in the newly licensed exchanges 
                      • how the Hong Kong Monetary Authority (HKMA) has taken onboarding crypto companies in the banking system very seriously 
                      • why Angelina says that crypto companies have already stopped leaving Hong Kong
                      • how some people are worried how a potential crackdown on crypto in China could affect Hong Kong
                      • why the SFC has committed to issuing a paper on tokenization and why it is particularly interested in real estate 
                      • the importance of the development of the digital yuan
                      • whether the new regulations in Hong Kong mean that China is prepared to adopt crypto in the mainland
                      • how China is 'excelling' at adopting real-world use cases, according to Angelina
                      • why you can't say “NFTs” in China and why the metaverse represents a “huge problem,” according to Adrian
                      • whether China will let public blockchains succeed 
                      • how the global regulatory landscape has been changing and what it means for the future of digital assets
                      • whether Africa is the next frontier of growth and what role the Middle East is playing
                      • Thank you to our sponsors!
                        • Crypto.com
                        • TOKEN2049
                        • Guests:
                          • Angelina Kwan, CEO of Stratford Finance
                          • Adrian Lai, founder and managing partner of Newman Capital
                            Links
                            • CoinDesk: 
                            • Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1
                            • How Hong Kong Is Gearing Up to Regulate Stablecoins
                            • Cointelegraph: 
                            • Hong Kong’s regulatory lead sets it up to be major crypto hub
                            • China doles out millions in digital yuan in bid to boost adoption: Report
                            • Chinese city public servants to receive digital yuan salaries starting May
                            • TechCrunch: 
                            • Hong Kong’s crypto rules help it fit in more than stand out, but experts say that’s good
                            • A peek into China’s stance on web3
                            • CNBC: One country, two crypto systems: Hong Kong harbors crypto hub ambitions despite China’s crackdown
                            • Bloomberg: Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing
                            • Hong Kong Securities and Futures Commission: SFC concludes consultation on regulation of virtual asset trading platforms
                            • South China Morning Post: Hong Kong’s crypto market will not have ‘light-touch regulation’, HKMA chief says as city prepares new rules
                            • Forkast: China: Zhengzhou City proposes metaverse plan

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                              1 hr 16 min
                            • SEC Sues Binance, Coinbase: ‘This Is Not the End of Crypto in the United States’- Ep. 504

                              On Monday, it was Binance. On Tuesday, Coinbase. Electric Capital General Counsel Emily Meyers joins the show to read between the lines of an action-packed week for Gary Gensler’s SEC. Meyers lends her lawyerly eye to the key differences between the two lawsuits, the SEC’s potential strategy, and whether federal legislation will beat the courts in providing clarity. 

                              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 Emily thinks the SEC’s actions don’t represent the end of crypto in the U.S.
                              • what the similarities and differences are in the lawsuits against Coinbase and Binance
                              • why it’s fundamental to the SEC’s allegations that the court determines that at least one of the named tokens is in fact a security
                              • whether Coinbase and Binance will file motions to dismiss
                              • whether allegations against Binance are comparable to those against FTX
                              • whether Gary Gensler’s interactions with Binance in 2019 raise ethical questions about his involvement in the case 
                              • why Emily thinks that Gensler’s approach to crypto is not aligned with the SEC’s mission to protect investors
                              • why the SEC allowed Coinbase to go public and is now suing them
                              • how the SEC sued Coinbase only after the exchange sued the agency first
                              • whether the Third Circuit will press the SEC to issue the rules that Coinbase has petitioned for
                              • why Emily believes that there’s not an effective path for crypto companies to properly register in the U.S.
                              • why the SEC has listed large-market-cap tokens such as SOL, ADA, and MATIC but has not gone after ETH
                              • Thank you to our sponsors!
                                • Crypto.com
                                • Copilot Money
                                • Proton

                                • Guest
                                  Emily Meyers, general counsel at Electric CapitalLinks
                                  • Previous coverage of Unchained on the topic:
                                  • The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility
                                  • These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler
                                  • Coinbase's Legal Action Against the SEC: How It Will Likely Unfold 
                                  • ‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer
                                  • Gary Gensler vs. Crypto: What Will the SEC Attack Next?
                                  • Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
                                  • 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
                                  • Coinbase Seeks to Compel SEC Response to Rulemaking Petition
                                  • CoinDesk: 
                                  • SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets
                                  • Crypto Exchange Binance Says Gensler Once Offered to Be an 'Informal Advisor'
                                  • Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says
                                  • Fortune: Former Coinbase employee and his brother settle with the SEC, which again dodges proving whether cryptocurrencies are securities
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                                    47 min
                                  • 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

                                        • DisclosuresLinks
                                          • 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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                                            1 hr 9 min
                                          • What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502

                                            Wallet security was in the spotlight after the announcement of Ledger Recover, but the crypto community doesn’t need to “freak out,” according to Itai Turbahn, co-founder and CEO of Dynamic Labs, and Ouriel Ohayon, CEO of ZenGo. The two CEOs join the show to talk about the challenges of bringing self-custody to the masses. For many, “not your keys, not your coins” is actually “your keys, your problem.”

                                             

                                            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:

                                            • the problems that may arise when managing your own keys
                                            • the misconceptions that people have about hardware wallets
                                            • why Ouriel says that Ledger is going in the right direction but made a major mistake
                                            • how multi-party computation can be a solution to the problem of securing your own keys
                                            • what are other ways to solve it, such as Shamir’s secret sharing (SSS) and multisigs
                                            • the tradeoffs between security and user experience
                                            • how Dynamic Wallet works by linking multiple wallets to a single account
                                            • whether “passwordless authentication” is the future of security
                                            • how can users protect themselves from “bad transactions” and what are companies doing to help
                                            • whether open source contributes to more security in the wallet landscape
                                            • how account abstraction will change the user experience
                                            • whether security is the key to the future of crypto
                                            •  

                                              Thank you to our sponsors!
                                              • Crypto.com
                                              Guests:
                                              • Itai Turbahn, cofounder and CEO of Dynamic Labs
                                              • Ouriel Ohayon, CEO of ZenGo
                                              • Previous appearance on Unchained: ZenGo: A Self-Custodial Wallet Minus the Risk of Losing Your Keys
                                              • Previous coverage of Unchained on wallets:
                                                • The Ugly Tradeoffs of Ledger’s New Recovery Service
                                                Links
                                                • What is ZenGo Recovery Kit?
                                                • Cointelegraph:
                                                • Multiparty computation could offer increased protection for crypto wallets
                                                • I run a Ledger competitor — But I support it in blow-up over keys
                                                • Unchained: ‘Backdoor’ for Seed Phrases? Ledger’s New Recovery Feature Spooks Users
                                                • Tweet from Ouriel that explains the differences between ZenGo and Ledger
                                                • Solving the crypto adoption problem: making crypto *actually* usable
                                                • Multi-Party Computation (MPC) Technology Can Ensure Effective Fraud Detection | Nasdaq
                                                • Web3 Auth 101: What is wallet-based authentication?
                                                •  

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                                                  1 hr 8 min
                                                • The Chopping Block: Will Modular Blockchains Win? - Ep. 501

                                                  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 gang answers audience questions, digs into the discourse around rollups, and debates whether modular blockchains will vanquish existing monoliths.


                                                  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: 

                                                  • How someone asked people to just give them money, and raised over $1 million
                                                  • Answering audience questions from Twitter, including ‘what’s Tarun’s favorite drug?’
                                                  • Whether there’s tension between Haseeb and Tarun
                                                  • How the incoming generations of crypto people (e.g. “Class of 2017”) have changed over the cycles
                                                  • The five-level explainer on what a rollup is 
                                                  • Why everyone’s debating the ontology of rollups and why Haseeb still thinks blockchains are like religions
                                                  • Tarun’s take on the modular blockchain thesis and why Haseeb is skeptical
                                                  • Whether app chains like the ones in Cosmos will become dominant
                                                  • Whether one of the top 4 chains will be modular in the next five to 10 years
                                                  • 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
                                                      DisclosuresLinks
                                                      • Binance Feed: Bored Ape NFT Holder Ben.eth Launches Third Crusade of Memecoin Psychopathy
                                                      • Rollups, Rigor, and Reality by Kelvin Fichter
                                                      • Rollups Are L1s (& L2s) a.k.a. How Rollups *Actually Actually Actually* Work by Jon Charbonneau
                                                      • Haseeb’s question on Twitter
                                                      • Previous episode of The Chopping Block on the L1 debate: Why Are We Still Building Layer 1s?



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                                                        1 hr 4 min
                                                      • Laura Shin Reflects on 500 Episodes of ‘Unchained’ - Ep.500

                                                        If a year in crypto is like a decade in other industries, then Laura Shin has seen a lot. To commemorate the 500th episode of “Unchained” (actually, there’s about 150 more under a different brand name), Laura hops on the other side of the microphone to field questions from Unchained Contributing Editor Zack Seward about standout moments dating back to 2018. From the early rise of Binance to a charged interview with Terra founder Do Kwon, Shin takes you behind the scenes for rare insights into her process, her favorite moments, and how key episodes have aged.


                                                        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.

                                                        Highlighted episodes:

                                                        • Sept. 25, 2018: How Binance Became the Most Popular Crypto Exchange in 5 Months
                                                        • March 26, 2019: Vitalik Buterin on Whether or Not Ethereum Is ‘Blowing It’
                                                        • April 8, 2022: Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too
                                                        • Dec. 23, 2022: Martin Shkreli Explains Why Sam Bankman-Fried Got Lucky With His Judge
                                                        • Aug. 3, 2021: Can a DeFi Smart Contract Be Regulated? Two CFTC Commissioners Discuss
                                                        • May 23, 2023: Ex-CFTC Commissioner Berkovitz Says ‘DeFi Should Be Regulated’ – But How?
                                                        • March 18, 2022: Punk6529 on the Significance of Bored Ape Yacht Club and CryptoPunks
                                                        • Oct. 18, 2022: Do Kwon of Terra: ‘It Was Never Really About Money or Fame or Success’
                                                        • July 31, 2018: Meltem Demirors and Jill Carlson on the Shitcoin Waterfall
                                                        • Aug. 10, 2021: Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake
                                                        • Dec. 28, 2021: Why NFT OG Mitchell Chan Has Released Just One Project This Year
                                                        • Oct. 28, 2022: The Mango Markets Attacker on Whether His ‘Trade’ Was Ethical or Not
                                                        • Feb. 7, 2018: Xapo’s Wences Casares on How Bitcoin Makes a Fairer World
                                                        • Thank you to our sponsors!
                                                          • Crypto.com
                                                          • Copilot Money
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                                                            1 hr 19 min
                                                          • These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler - Ep. 499

                                                            “Lack of regulatory clarity” is the catchall complaint levied against U.S. regulators by most major players in the crypto industry. But the founders of Bosonic and Prometheum disagree. Both firms have spent years chasing the necessary regulatory approvals to compliantly trade digital assets, including those seen as securities. Last week, Prometheum secured a potentially landmark approval to operate as a special purpose broker-dealer for digital asset securities. Prometheum co-founder Aaron Kaplan and Rosario Ingargiola, founder of Bosonic, which earlier secured a similar approval, discuss why big players like Coinbase need to quit carping in the court of public opinion and do the hard work of getting approved.

                                                            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:

                                                            • what Bosonic and Prometheum Capital do 
                                                            • how Aaron and Rosario started working in crypto
                                                            • what it means to be a special purpose broker-dealer
                                                            • what the three-step letter from the SEC is and why it's relevant for scaling a digital asset business
                                                            • how exchanges work in traditional finance and how crypto differs
                                                            • why Aaron believes there’s a “pathway forward for crypto in the U.S.”
                                                            • whether the argument that there’s a lack of regulatory clarity is convenient for crypto incumbents 
                                                            • why Aaron agrees with SEC Chair Gary Gensler on his stance that everything except BTC is a security
                                                            • how a token registration would work and what the nuances would be
                                                            • why Coinbase’s approval to be a publicly traded company does not mean that the SEC is in line with the business
                                                            • whether ETH is a security, with Aaron arguing it is and Rosario saying it’s a commodity
                                                            • what the different requirements are for national securities exchanges and alternative trading systems
                                                            • what Aaron and Rosario would tell existing crypto companies as it relates to compliance
                                                            • whether regulation kills innovation
                                                            • Thank you to our sponsors!
                                                              • Crypto.com
                                                              Guests:
                                                              • Aaron Kaplan, co-CEO and co-founder of Prometheum
                                                              • Rosario Ingargiola, Founder and CEO of Bosonic
                                                              • Previous coverage of Unchained on crypto regulation: 
                                                                • Ex-CFTC Commissioner Berkovitz Says ‘DeFi Should Be Regulated’ – But How?
                                                                • ‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer
                                                                • Coinbase's Legal Action Against the SEC: How It Will Likely Unfold
                                                                • Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
                                                                • Is the Government Trying to Kill Off Crypto in the US?
                                                                • Coinbase’s Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach’
                                                                • Links
                                                                  • CoinDesk: 
                                                                  • SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms
                                                                  • U.S. SEC Moves Toward DeFi Oversight as It Reopens Proposed Regulations
                                                                  • Prepared Remarks of Gary Gensler On Crypto Markets Penn Law Capital Markets Association Annual Conference
                                                                  • SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities
                                                                  • Unchained: 
                                                                  • SEC Chair Gary Gensler Avoids Question: ‘Is Ethereum a Security?’
                                                                  • Coinbase Seeks to Compel SEC Response to Rulemaking Petition
                                                                  • SEC Asks Court to Deny Coinbase Demand for Crypto Rules
                                                                  • Financial Institutions Hub: SEC Proposal Targets Crypto Exchanges, Trading Platforms, and Brokers
                                                                  • Emmer and Soto Introduce Bipartisan Bill to Provide Regulatory Clarity for Digital Assets
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                                                                    1 hr 18 min

                                                                  About Unchained

                                                                  From the publisher's feed

                                                                  Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura…