The SEC’s Escalating Battle Against Crypto

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.chainalysis.com/coindesk"><em><span style= "font-weight: 400;">Chainalysis</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p> </p> <p><span style="font-weight: 400;">On today’s episode, NLW catches listeners up on the criminal charges filed against a former Coinbase employee and two of his associates last week around insider trading. The charges come from the Justice Department and the Securities and Exchange Commission, and it is the SEC’s charges that have the biggest implications. Nine of the tokens traded are being labeled by the SEC as securities, but the token issuers are not being given a chance to defend themselves. In a wildly unusual breach of protocol, a commissioner from the Commodity Futures Trading Commission accused the SEC of “regulation by enforcement” in a public press release response. NLW breaks down the escalation on the part of the SEC. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">nexo.io</span