DEX in the City: Why the Prediction Market Bans Could Just Be Beginning

The podcast explores recent regulatory developments from the CFTC, particularly regarding digital assets and prediction markets, highlighting Chairman Selle's agenda and a shift towards "regulation by regulation." It covers joint interpretive guidance with the SEC on token taxonomy, which clarifies the commodity status of major digital assets. The discussion also addresses the CFTC's innovation task force and the potential for joint rulemaking with the SEC, especially concerning custody standards and security futures. The hosts and guest Ryne Miller, a partner at Morrison & Forrester, delve into the debate between permissioned versus permissionless blockchains, sparked by Canton's approach, and the potential implications of a recent verdict against Meta and YouTube for crypto platforms, focusing on product design and liability.