May 31, 2024

With Ether ETFs in the Works, How Else Might the SEC Pivot on Crypto? - Ep. 653

49 minutes

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

After some big wins for the crypto industry (and big losses for the U.S. Securities and Exchange Commission), Jason Gottlieb, partner at Morrison Cohen, delves into how the upcoming US elections could reshape the SEC’s crypto agenda, the political pressures influencing SEC decisions, and the potential impact that a new SEC chair could have.

Gottlieb provides insights into ongoing court battles involving major crypto firms like Coinbase and explores the broader political implications of the Democrats' recent outreach to the crypto industry.

Show highlights:

How the sea change in Congress, the White House, and the Biden campaign affects the SEC’s stance on crypto

Whether the SEC's agenda on crypto has changed, following the sudden reversal on ETH ETFs

Whether the SEC is being pressured politically about crypto and how that could affect its actions between now and the election

How the ongoing legal crypto cases are affected by the SEC’s change of tune

What the implications of a possible new SEC chair would be

How the SEC’s credibility was damaged by the Debt Box case

Why Jason thinks Democrats are in an “uncomfortable position” but also believes there’s a lot of common ground with the Republicans with regard to crypto

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

Thank you to our sponsors!

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Guest

Jason Gottlieb, partner at Morrison Cohen

Previous appearances on Unchained:

The Department of Justice Goes After Its First NFT Insider Trading Case

‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer

Links

Previous coverage on Unchained of the recent shift in the US political landscape:

Why Many Democrats, Including the White House, Have Come Around on Crypto

Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress

Bits + Bips: Is US Politics Driving the ETH ETF Approval?

Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday

Political turn and ongoing cases:

The Block: Biden campaign ramps up crypto industry outreach in surprising tone 'shift'

Unchained:

Ethereum ETFs Likely Protect Ether From the SEC. But What About Staked ETH?

Why the SEC May Not Be Done in Its Legal Battles Over Ethereum

SAB 121

Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance

FIT21

Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?

Spot Ether ETFs

Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security

TIMESTAMPS:

00:00 Introduction

02:55 The outlook for the SEC’s efforts after the seeming sea change from the Democrats

06:09 Whether the SEC's agenda has changed, after the sudden reversal on ETH ETFs

09:58 Whether the SEC is being pressured politically and whether that will influence its actions between now and the presidential election

15:30 How the ongoing legal crypto cases are affected by the SEC’s change of tune

19:51 What the implications of a new SEC chair would be on court cases winding slowly through the courts

23:52 How the SEC’s credibility was damaged by the Debt Box case

27:59 Why Jason thinks Democrats are in an “uncomfortable position” but also believes there’s a lot of common ground with the Republicans with regard to crypto

34:14 Weekly recap

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By Laura Shin

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