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Do Kwon, cofounder of Terraform Labs, was recently served subpoenas by the US Securities and Exchange Commission during Messari\u2019s mainnet event, leading Kwon and Terraform to preemptively sue the SEC. On Unconfirmed, Kwon discusses:\n what Terraform Labs does and how it is building its DeFi ecosystem around TerraUSD ($UST)\n why Terraform Labs created its synthetics protocol, Mirror, and how it works\n what Do thinks about the SEC\u2019s investigation into Mirror\n what happened to Do at Messari\u2019s mainnet event\n why the SEC\u2019s approach to crypto regulation does not impact Do very much\n what Do thinks about how US regulators are treating crypto companies\n how Do would regulate the crypto industry\n why he believes the current state of crypto regulation doesn\u2019t work in a global context\n why he says the SEC couldn\u2019t do anything to TerraUSD -- even if it wanted to\n what two characteristics are critical in building a decentralized protocol\n how the crypto industry could improve security in light of the $130 million Cream Finance hack\n \xa0\n Thank you to our sponsors!\n Avado: ava.do\xa0\n Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\xa0\n Nodle: https://bit.ly/3AXGydJ\xa0\n \xa0\n Episode Links\n \xa0\n Do Kwon\n Twitter: https://twitter.com/stablekwon\xa0\n \xa0\n Terra\n Twitter: https://twitter.com/terra_money\xa0\n Website: https://www.terra.money/\xa0\n Terra ecosystem: https://docs.terra.money/Reference/ecosystem.html\xa0\n \xa0\n SEC Lawsuit\n CoinDesk\n \n https://www.coindesk.com/business/2021/10/23/terras-do-kwon-was-served-by-sec-new-lawsuit-shows/\xa0\n \n Terraform V SEC\n \n https://www.scribd.com/document/534537134/Terraform-v-SEC\xa0\n \n Stephen Palley\n \n https://twitter.com/stephendpalley/status/1451709816020348933\xa0\n \n \xa0\n Messari Mainnet Serving\n \n https://twitter.com/gogoSlava/status/1439972015910408195\xa0\n \xa0\n Miscellaneous\n SEC charging Abra\n https://www.sec.gov/news/press-release/2020-153\n \n Stablecoin market cap comparison\n \u200b\u200bhttps://coinmarketcap.com/view/stablecoin/\xa0\n \n \nLearn more about your ad choices. Visit megaphone.fm/adchoices