SEC Sues Binance, Coinbase: This Is Not the End of Crypto in the United States- Ep. 504

Published: June 9, 2023, 11 a.m.

b"On Monday, it was Binance. On Tuesday, Coinbase. Electric Capital General Counsel Emily Meyers joins the show to read between the lines of an action-packed week for Gary Gensler\\u2019s SEC. Meyers lends her lawyerly eye to the key differences between the two lawsuits, the SEC\\u2019s potential strategy, and whether federal legislation will beat the courts in providing clarity.\\xa0\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nwhy Emily thinks the SEC\\u2019s actions don\\u2019t represent the end of crypto in the U.S.\\n\\nwhat the similarities and differences are in the lawsuits against Coinbase and Binance\\n\\nwhy it\\u2019s fundamental to the SEC\\u2019s allegations that the court determines that at least one of the named tokens is in fact a security\\n\\nwhether Coinbase and Binance will file motions to dismiss\\n\\nwhether allegations against Binance are comparable to those against FTX\\n\\nwhether Gary Gensler\\u2019s interactions with Binance in 2019 raise ethical questions about his involvement in the case\\xa0\\n\\nwhy Emily thinks that Gensler\\u2019s approach to crypto is not aligned with the SEC\\u2019s mission to protect investors\\n\\nwhy the SEC allowed Coinbase to go public and is now suing them\\n\\nhow the SEC sued Coinbase only after the exchange sued the agency first\\n\\nwhether the Third Circuit will press the SEC to issue the rules that Coinbase has petitioned for\\n\\nwhy Emily believes that there\\u2019s not an effective path for crypto companies to properly register in the U.S.\\n\\nwhy the SEC has listed large-market-cap tokens such as SOL, ADA, and MATIC but has not gone after ETH\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nCopilot Money\\n\\nProton\\n\\n\\nGuest\\n\\nEmily Meyers, general counsel at Electric Capital\\nLinks\\n\\nPrevious coverage of Unchained on the topic:\\n\\nThe Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility\\n\\nThese 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler\\n\\nCoinbase's Legal Action Against the SEC: How It Will Likely Unfold\\xa0\\n\\n\\u2018Is ETH a Security?\\u2019 Why Gary Gensler Couldn\\u2019t Give Congress a Straight Answer\\n\\nGary Gensler vs. Crypto: What Will the SEC Attack Next?\\n\\nRep. Emmer on Why He Believes Gary Gensler Is a \\u2018Bad-Faith Regulator\\u2019\\n\\nLINKS\\n\\nUnchained:\\n\\nSEC Sues Coinbase for Breaking Securities Laws\\n\\nSEC Files Motion to Freeze Binance\\u2019s Assets, Asks for \\u2018Sworn Accounting\\u2019\\n\\nSEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities\\n\\nSEC Calls Solana, Polygon, Algorand and Other Tokens Securities but Misses Ether in Binance Lawsuit\\n\\nUS House Republicans Propose Bill That May Give Crypto Assets a Path to Becoming Commodities\\n\\nCoinbase Seeks to Compel SEC Response to Rulemaking Petition\\n\\nCoinDesk:\\xa0\\n\\nSEC Seeks Temporary Restraining Order to Freeze Binance.US Assets\\n\\nCrypto Exchange Binance Says Gensler Once Offered to Be an 'Informal Advisor'\\n\\nBinance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says\\n\\nFortune: Former Coinbase employee and his brother settle with the SEC, which again dodges proving whether cryptocurrencies are securities\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"