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



Marc Boiron, chief legal officer at Polygon

  • https://twitter.com/boironattorney






BUSD shutdown


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