Stephen Palley, partner at Anderson Kill, discusses a few hot-button crypto regulatory issues like lending products, whether DeFi protocols fall under the SEC’s purview, and more. Show highlights:

  • why Stephen thinks the SEC and CFTC did not announce more extensive crypto enforcement news this week
  • what areas the SEC Chair Gary Gensler and the SEC as a whole are focused on regulating
  • what Stephen has heard about whether stablecoins that are not fully-backed are securities
  • why Coinbase decided to drop its Lend product
  • why Stephen is skeptical that decentralized protocols should be regulated under existing securities laws
  • how securities law is contrary to consumer protection in light of DeFi protocols and airdrops
  • why DeFi AMMs should be regulated differently than centralized market books
  • whether companies running a front-end for a DeFi protocol should be considered an exchange
  • why crypto devs are “going Satoshi” because of US securities laws

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Episode Links

Stephen Palley

Topics Covered

Lending Products

SEC + Gary Gensler