Nik De, managing editor for global policy and regulation at CoinDesk, stops by Unconfirmed to discuss the current state of crypto regulation, including recent comments by SEC Chair Gary Gensler on stablecoins and why Coinbase decided to sideline its Lend product. Highlights:

Nik’s biggest takeaway from Gary Gensler’s interview with the Washington Post
why Nik thinks Gensler has escalated his rhetoric regarding stablecoins and DeFi
how crypto exchanges are currently regulated and how that might change
what it would take to convince crypto exchanges to register with the SEC
whether the SEC has the purview to regulate stablecoins
Nik’s thoughts on Coinbase’s Lend product and the SEC’s stance on lending products
what the overall picture of crypto lending is in the US
whether the SEC will go after DeFi protocols
what to expect from the SEC going forward, especially with the end of its fiscal year coming up next week

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

Digital Asset Research: https://digitalassetresearch.com

Sorare: https://sorare.com

Episode Links

Nikhilesh De

CoinDesk articles: https://www.coindesk.com/author/nikde/
Twitter: https://twitter.com/nikhileshde

Content

Coinbase blogs regarding Lend
- https://blog.coinbase.com/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why-a3a1b6507009
- https://blog.coinbase.com/sign-up-to-earn-4-apy-on-usd-coin-with-coinbase-cdad79e5f5eb

SEC Chair Gary Gensler Washington Post Q&A
- https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/
Brian Armstrong tweet storm
- https://twitter.com/brian_armstrong/status/1435439291715358721
BlockFi and Celsius overview
- https://www.coindesk.com/policy/2021/09/17/3-states-alabama-securities-commission-also-claims-celsius-violated-securities-laws/

Read my latest Medium post, “The Reason Crypto Regulation Is Turning Out to Be So Difficult,” which takes take a deeper dive into some of the topics addressed in this pod :)

https://medium.com/@laurashin/the-reason-crypto-regulation-is-turning-out-to-be-so-difficult-788cc134958d

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Unconfirmed: How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT Days - Ep.275 32:54 Share

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Unconfirmed: How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT Days - Ep.275