The SEC Declares War on Crypto with Ryan & David

<p>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. </p> <p>Operation Chokepoint is in full effect. Tune in to understand everything you need to know. </p> <p>------<br />  MetaMask Learn <br /> <a href= "https://bankless.cc/metamaskshow">https://bankless.cc/metamaskshow</a> </p> <p>------<br />  JOIN BANKLESS PREMIUM: <br /> <a href= "https://newsletter.banklesshq.com/subscribe">https://newsletter.banklesshq.com/subscribe</a> </p> <p>------<br /> BANKLESS SPONSOR TOOLS: </p> <p>KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE<br /> <a href= "https://bankless.cc/kraken">https://bankless.cc/kraken</a> </p> <p>UNISWAP | ON-CHAIN MARKETPLACE<br /> <a href= "https://bankless.cc/uniswap">https://bankless.cc/uniswap</a> </p> <p>️ ARBITRUM | SCALING ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p> EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS<br /> <a href= "https://bankless.cc/earnifi">https://bankless.cc/earnifi</a>  </p> <p>------<br /> Timestamps:</p> <p>0:00 Intro<br /> 6:18 2023 Regulation Playbook<br /> 7:15 SEC Charging Kraken<br /> 11:27 SEC Rolling Out Regulation<br /> 14:09 SEC Patronizing Approach<br /> 15:44 Wells Notice<br /> 19:45 Kaken Staking Crackdown<br /> 28:00 Driving Crypto Offshore<br /> 30:05 Staking Pools Next?<br /> 35:05 SEC Scoring Points<br /> 40:50 Paxos & BUSD<br /> 44:40 Circle<br /> 50:55 Banks Servicing the Crypto Industry<br /> 57:55 Net Effects<br /> 59:27 U.S. Crypto Regulation History<br /> 1:02:49 Why the U.S. Hates Crypto<br /> 1:06:26 Banks vs. Crypto<br /> 1:08:14 Will Crypto Survive?<br /> 1:10:25 Closing & Disclaimers</p> <p>------<br /> Resources:</p> <p>Regulation vs. Decentralization <br /> <a href= "https://www.coindesk.com/consensus-magazine/2022/12/23/2023-the-year-of-regulation-vs-decentralization/"> https://www.