In today's episode, Ryan and David bring on Mike Selig to chat about everything need to know about crypto regulation. Mike is a crypto lawyer at Willkie Farr & Gallagher, former a regulator at the CFTC, and a frequent contributor to Coindesk about the state of crypto regulation.

Operation Chokepoint is in full effect. Tune in to understand everything you need to know.

------
MetaMask Learn
https://bankless.cc/metamaskshow

------
JOIN BANKLESS PREMIUM:
https://newsletter.banklesshq.com/subscribe

------
BANKLESS SPONSOR TOOLS:

KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://bankless.cc/kraken

UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap

️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS
https://bankless.cc/earnifi

------
Timestamps:

0:00 Intro
6:18 2023 Regulation Playbook
7:15 SEC Charging Kraken
11:27 SEC Rolling Out Regulation
14:09 SEC Patronizing Approach
15:44 Wells Notice
19:45 Kaken Staking Crackdown
28:00 Driving Crypto Offshore
30:05 Staking Pools Next?
35:05 SEC Scoring Points
40:50 Paxos & BUSD
44:40 Circle
50:55 Banks Servicing the Crypto Industry
57:55 Net Effects
59:27 U.S. Crypto Regulation History
1:02:49 Why the U.S. Hates Crypto
1:06:26 Banks vs. Crypto
1:08:14 Will Crypto Survive?
1:10:25 Closing & Disclaimers

------
Resources:

Regulation vs. Decentralization
https://www.coindesk.com/consensus-magazine/2022/12/23/2023-the-year-of-regulation-vs-decentralization/

Gensler Statement
https://twitter.com/SquawkCNBC/status/1624041483241156608

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures

The SEC Declares War on Crypto with Ryan & David

Bankless

The SEC Declares War on Crypto with Ryan & David