Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Polygon Chief Legal Officer Marc Boiron joins the show to examine the SEC’s recent enforcement ramp-up.
why Marc thinks NYDFS coming after Paxos is the most interesting thing to analyze in the SEC-BUSD spat
whether the SEC and NYDFS actions against Paxos were coordinated
whether a stablecoin is a security and why the SEC might be inclined to go after Paxos
how a stablecoin could resemble a money market fund
whether the SEC action against BUSD consolidates Tether's dominance
why Robert is nervous about the ramifications of the Paxos situation for all of crypto
the unique characteristics of Kraken's staking services that led to settlement with the SEC
the meaning of the settlement for other custodial staking services and staking in general
why Robert voted in favor of the Uniswap governance proposal
why Haseeb is fine with how a16z voted in the proposal
how on-chain governance should be approached
Hosts
Haseeb Qureshi, managing partner at Dragonfly Capital
Robert Leshner, founder of Compound
Tom Schmidt, general partner at Dragonfly Capital
Guest
Marc Boiron, chief legal officer at Polygon
Links
Disclosures
BUSD shutdown
WSJ:
Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token
Regulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin
The Block: Gensler: SEC has been 'clear' on cryptocurrencies
Unchained: Circle Told NYDFS That Paxos-Issued BUSD Wasn’t Fully Backed
SEC vs. Staking
Ethereum ETH Staking Deposits
Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges
Coinbase’s staking services are not securities. And here's why. - Blog
Uniswap governance drama
Unchained episode on the topic: Chris Blec on Why He Believes a16z’s Uniswap Vote Exposes DeFi as a Farce - Ep. 454
Wormhole vs. LayerZero posts
Wormhole
LayerZero
Explanation video from Unchained
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