Unchained

Under the First Crypto President, What Will Regulation of the Industry Look Like? - Ep. 747

Listen Later

With Paul Atkins as the incoming SEC Chair, David Sacks as the AI & Crypto Czar, and potential CFTC leadership changes, the Trump administration is signaling a major shift for crypto, AI, and financial regulation. 

Guests Mike Selig and Jake Chervinsky break down what this means for token launches, enforcement actions, inter-agency collaboration, and the fate of Operation Chokepoint 2.0. Could this mark the end of the U.S.’s regulatory hostility toward innovation?

Show highlights:
  • 02:18-What changes to expect under an Atkins-led SEC
  • 08:58-Who could lead the SEC in the period between Gensler resigning and Atkins assuming
  • 11:54-Whether the Democrats will nominate SEC Commissioner Crenshaw again
  • 15:50-Elizabeth Warren's influence on the non-Republican SEC commissioner picks
  • 23:39-Whether Atkins’ leadership at the SEC might shift crypto regulation away from aggressive enforcement
  • 28:26-Whether Gensler’s recent promotion of people in enforcement roles will further his SEC’s regulation-by-enforcement strategy
  • 38:52-Whether the SEC and Coinbase will reach a settlement
  • 41:47-Why Mike and Jake think it’s not likely that the SEC will pursue litigation in the Ripple case
  • 46:03-How the SEC might clarify securities laws around token sales, airdrops, and exemptions
  • 55:14-Whether Atkins’ leadership could fast-track Hester Peirce’s Safe Harbor
  • 59:53-How the CFTC's potential lead on crypto regulation might redefine how it splits duties with the SEC
  • 1:03:03-Whether it even makes sense to have two financial regulatory agencies
  • 1:11:00-Who might lead the CFTC 
  • 1:13:59-Why Jake and Mike believe combining AI and crypto under one ‘czar’ makes sense
  • 1:20:31-How the appointment of Scott Bessent for Treasury secretary will affect the crypto industry
  • 1:25:47-How the likely end to Operation Chokepoint 2.0 will create a “sea change”

    • Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

    Thank you to our sponsors!
    • Polkadot
    • Robinhood & Arbitrum
    • Kelp DAO
      • Guests:
      • Mike Selig, Partner at Willkie Farr & Gallagher 
      • Previous appearance on Unchained: Is Gary Gensler on a Mission to Put Crypto Down for Good?
      • Jake Chervinsky, Chief Legal Officer at Variant
      • Previous appearances on Unchained:
      • The US vs. Crypto: Jake Chervinsky on Crypto's Legal and Regulatory Status
      • Why the SEC vs. Ripple Order Is Now About 2 Things: Coinbase and Congress
      • The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility
      • All Things Crypto Regulation With Jake Chervinsky
      • Everything You Need to Know About the Looming Battle Over Privacy in Crypto
      • Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky
        • Links
        • Trump’s Office Picks: 
        • Unchained: 
        • Why Trump’s SEC Chair Pick, Paul Atkins, Is So Positive for Crypto
        • David Sacks as A.I. & Crypto Czar? Why the Industry Was Surprised
        • Trump Taps Paul Atkins for Next SEC Chair, Making Good on His Crypto Promises
        • Democratic SEC Commissioner Is Stepping Down, but That Doesn’t Mean Trump Will Get 2 Outright Picks 
        • Trump Taps Hedge Fund Manager Scott Bessent to Be Treasury Secretary
        • A Degen Administration? Why the Crypto Czar May Be Allowed to Own Tokens
        • Tracking Trump’s Cabinet and Staff Nominations 
        • Congressional Results
        • John Reed Stark’s tweet:“current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave”

          • Operation Chokepoint 2.0

          • Forbes: How ‘Debanking’ Tech And Crypto Companies Could Kill Businesses
          • Marc Andreessen and the CFPB: Debunking the Debanking Debunkers by Nic Carter
          • Unchained: Regulators Are Limiting Banks Serving Crypto Clients. Does That Violate the Law? 
          • Unchained: Killed By Politics, Ex-Diem Boss Says of Meta’s Stablecoin

            • Learn more about your ad choices. Visit megaphone.fm/adchoices

            ...more
            View all episodesView all episodes
            Download on the App Store
            UnchainedBy Laura Shin