Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers - Ep. 378

Marisa Tashman, policy counsel at Blockchain Association, analyzes the US Securities and Exchange Commission’s (SEC) decision to name nine tokens as securities and investigate whether Coinbase lists securities. Show highlights: 
why the SEC named tokens as securities in an insider trading case where no exchanges or token teams are listed as defendants 
what happens if the Coinbase insider trading case is settled or goes to court
why the SEC’s actions should be considered “regulation by enforcement” 
whether there is any process to force the SEC to reveal its reasoning for calling a token a security
why Marisa thinks the SEC is actively harming US investors with its crypto policy
how Coinbase is handling the SEC’s investigation
what Marisa thinks of Coinbase’s listing process
why the Cynthia Lummis-led crypto regulatory framework is a good start
what Marisa believes will happen in the crypto regulatory landscape in the near future
Thank you to our sponsors! 1inch: https://1inch.io/
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 
 
Episode Links  
Marisa Tashman https://twitter.com/mtash
 
Blockchain Association
https://theblockchainassociation.org/ 
 
Coinbase SEC investigation into listing unregistered tokens: https://www.bloomberg.com/news/articles/2022-07-26/coinbase-faces-sec-investigation-over-cryptocurrency-listings

SEC insider trading case: https://www.sec.gov/news/press-release/2022-127

Coinbase does not list securities blog post: https://blog.coinbase.com/coinbase-does-not-list-securities-end-of-story-e58dc873be79 
Coinbase petition: https://www.sec.gov/rules/petitions/2022/petn4-789.pdf 
 
SEC Regulation by Enforcement Response CFTC Commissioner: ​​https://twitter.com/CarolineDPham/status/1550159347984044033

Lindsay Lin: https://twitter.com/lindsayxlin/status/1552320370019106822?s=21&t=4OaAjw3r8NlH23ppWiVK1w 
Jake Chervinsky: https://twitter.com/jchervinsky/status/1550515627961589762?s=20&t=gGwDPAJzZXSu6Gwc9agDOg 
Hester Peirce: https://www.coindesk.com/policy/2022/05/03/hester-peirce-pushes-back-against-secs-plans-to-nearly-double-crypto-enforcement-staff/ 
Matt Levine: https://twitter.com/matt_levine/status/1550202036570017792?s=20&t=e1g8U-V4K_ixd1vJoRc9gA 
Chair Gary Gensler wanting crypto exchanges to register as securities exchanges: https://www.bloomberg.com/news/articles/2022-07-28/sec-chair-gensler-hardens-line-on-crypto-exchange-registration?sref=m9L277rN

https://twitter.com/garygensler/status/1552700562533236739?s=21&t=mNENJd2qeQYkeFFdZqWUPA
 
Gillibrand x Lummis Crypto Regulatory Framework
https://www.gillibrand.senate.gov/news/press/release/-lummis-gillibrand-introduce-landmark-legislation-to-create-regulatory-framework-for-digital-assets 

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