Kristin Smith, Executive Director of the Blockchain Association, comes to talk about Tornado Cash, the lawsuit against Ooki DAO, the SEC charges against Kim Kardashian, and crypto legislation.
Show highlights:
- whether regulators did not understand the implications of sanctioning smart contracts
- the necessity of having a conversation around financial privacy
- whether the government wants sanctions compliance at the base layer
- the reasons behind the CFTC lawsuit against Ooki DAO
- why the SEC settled charges with Kim Kardashian and whether it was a publicity stunt
- the chances of the different crypto bills becoming law
- why Kristin thinks stablecoin legislation won’t come this year
- whether the CFTC being the main regulator of crypto settles the question of crypto being securities or commodities
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Kristin
The lawsuit against Ooki DAO
- Previous coverage of Unchained on Ooki DAO: Why the Ooki DAO Case Could Hurt Participation in DAOs
- CFTC Filing
- $250,000 fine
- CoinDesk’s Nik De’s analysis
- CFTC Commissioner Summer Mersinger’s dissenting statement
- Jake Chervinsky’s opinion
- Ooki DAO’s options
- CFTC serving the members of the Ooki DAO via their forum
- Tim Copeland’s article on what’s next for DAOs
- A federal court ruled that the CFTC legally served Ooki DAO through a website help bot.
- The LeXpunK Army filed a motion for amicus status in the SEC case against bZx/Ooki DAO.
- Crypto group DeFi Education Fund argued that the CFTC should properly serve Ooki DAO’s actual members, not just the DAO at large.
Tornado Cash
- Treasury Press release
- Previous coverage of the Tornado Cash sanctions on Unchained:
- Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No
- Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
- The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
- Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
- Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury
Legislation
- Digital Commodities Consumer Protection Act of 2022
- Europe’s MiCa bill
- Previous coverage of Unchained on legislation:
- Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto
- Congressman Ro Khanna: How to Get More Democrats into Web3
- Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers
SEC charges against Kim Kardashian
- The SEC fined reality TV star Kim Kardashian $1.26 million for promoting a crypto security without proper disclosure.
- Fortune article: The SEC’s Kardashian fine was a dumb publicity stunt
Stablecoins
- Stablecoin Draft Bill
- Bloomberg article: Senator Pat Toomey Still Sees Chance of Stablecoin Legislation This Year
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