With Ether ETFs in the Works, How Else Might the SEC Pivot on Crypto? - Ep. 653

Published: May 31, 2024, 1 p.m.

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nAfter some big wins for the crypto industry (and big losses for the U.S. Securities and Exchange Commission), Jason Gottlieb, partner at Morrison Cohen, delves into how the upcoming US elections could reshape the SEC\u2019s crypto agenda, the political pressures influencing SEC decisions, and the potential impact that a new SEC chair could have.\nGottlieb provides insights into ongoing court battles involving major crypto firms like Coinbase and explores the broader political implications of the Democrats' recent outreach to the crypto industry.\nShow highlights:\n\nHow the sea change in Congress, the White House, and the Biden campaign affects the SEC\u2019s stance on crypto\n\nWhether the SEC's agenda on crypto has changed, following the sudden reversal on ETH ETFs\n\nWhether the SEC is being pressured politically about crypto and how that could affect its actions between now and the election\n\nHow the ongoing legal crypto cases are affected by the SEC\u2019s change of tune\n\nWhat the implications of a possible new SEC chair would be\n\nHow the SEC\u2019s credibility was damaged by the Debt Box case\n\nWhy Jason thinks Democrats are in an \u201cuncomfortable position\u201d but also believes there\u2019s a lot of common ground with the Republicans with regard to crypto\n\n\nVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com\nThank you to our sponsors!\n\niTrustCapital\n\nPolkadot\n\nVaultCraft\n\nGuest\n\n\nJason Gottlieb, partner at Morrison Cohen\n\nPrevious appearances on Unchained:\xa0\n\nThe Department of Justice Goes After Its First NFT Insider Trading Case\n\n\u2018Is ETH a Security?\u2019 Why Gary Gensler Couldn\u2019t Give Congress a Straight Answer\n\nLinks\n\nPrevious coverage on Unchained of the recent shift in the US political landscape:\n\nWhy Many Democrats, Including the White House, Have Come Around on Crypto\n\nSenator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress\n\nBits + Bips: Is US Politics Driving the ETH ETF Approval?\n\nWhy Spot Ether ETFs Are Now Likely to Be Approved on Thursday\n\nPolitical turn and ongoing cases:\n\nThe Block: Biden campaign ramps up crypto industry outreach in surprising tone 'shift'\n\n\nUnchained:\xa0\n\nEthereum ETFs Likely Protect Ether From the SEC. But What About Staked ETH?\n\nWhy the SEC May Not Be Done in Its Legal Battles Over Ethereum\xa0\n\nSAB 121\nBloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance\xa0\nFIT21\n\nUnchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?\n\nSpot Ether ETFs\nUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security\n\n\nTIMESTAMPS:\n\n00:00 Introduction\n\n02:55 The outlook for the SEC\u2019s efforts after the seeming sea change from the Democrats\n\n06:09 Whether the SEC's agenda has changed, after the sudden reversal on ETH ETFs\n\n09:58 Whether the SEC is being pressured politically and whether that will influence its actions between now and the presidential election\n\n15:30 How the ongoing legal crypto cases are affected by the SEC\u2019s change of tune\n\n19:51 What the implications of a new SEC chair would be on court cases winding slowly through the courts\n\n23:52 How the SEC\u2019s credibility was damaged by the Debt Box case\n\n27:59 Why Jason thinks Democrats are in an \u201cuncomfortable position\u201d but also believes there\u2019s a lot of common ground with the Republicans with regard to crypto\n\n34:14 Weekly recap\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices