Peter Van Valkenburgh, director of research at Coin Center, comes to talk about the SEC probe into Yuga Labs, how to determine whether something is a security, and Coin Center’s lawsuit against the US Treasury over the sanctions on Tornado Cash. 

 

Show highlights:

• whether there’s an over-reliance on the Howey Test and how a token being non-fungible doesn’t mean it’s not a security
• what constitutes an investment contract and how it works in the Metaverse
• the consequences for NFT holders and issuers if the NFTs are considered securities
• why Coin Center is suing the US Treasury over the Tornado Cash sanctions
• Who the plaintiffs are
• whether this lawsuit differs from the one Coinbase is supporting
• how to solve the issue of bad actors like North Korea using tools such as Tornado Cash to launder money
• the remedy Coin Center is looking for in the lawsuit against the Treasury 
• how long the lawsuit could take to be resolved

 

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SEC probe into Yuga Labs

• Unchained article
• CrypTones thread on land sales

Coin Center lawsuit over Tornado Cash sanctions

• Coin Center lawsuit and statement
• Unchained article 
• Coinbase Backs Tornado Cash Lawsuit Against U.S. Treasury
• North Korean hacks
• Treasury Press release on the sanctions
• 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?
  • Th