DEX in the City: Class Actions in Crypto Are on the Rise. Are They More Dangerous Than SEC Enforcement?- Ep. 968

In this episode of Dex in the City, Katherine, Jessi, and Vy discuss the rise of plaintiff's lawyers and class action lawsuits in the crypto space, highlighting their potential dangers and comparing them to regulatory actions. They delve into examples like the Coinbase derivative lawsuit, the Binance Hamas case, and the Kalshi class action, examining the legal theories and challenges involved. The conversation touches on the complexities of trying crypto cases before juries and the importance of understanding the nuances of gambling and commodity derivatives laws. They also discuss crypto bans, particularly in China, and the importance of decentralization, referencing a recent CME data center outage as an example of the risks of centralized systems. Finally, the hosts share good news from the crypto world, highlighting charitable initiatives like Boys Club DAO's donation to the Lower East Side Girls Club and supporting Shifai and Maggie's efforts to onboard more people, especially women, into crypto.