What's the Point of Securities Laws? with Mike Selig
Yesterday, on the show we had lawyer Brian Frye, who gave us novel takes securities. You can find that episode here: https://youtu.be/jo1ZuhuCVZE
In today's episode, David continues down the securities rabbit hole with special guest Mike Selig. 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.
------
Osmosis | Your Gateway into the Cosmos Ecosystem
www.osmosis.zone/bankless
------
SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt
️ SUBSCRIBE TO PODCAST: https://availableon.com/bankless
------
BANKLESS SPONSOR TOOLS:
KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://bankless.cc/kraken
UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap
️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS
https://bankless.cc/earnifi
------
Topics Covered:
0:00 Intro
5:35 Mike's Background
6:55 Why Securities
10:20 Investing Contract
13:00 Where's the Line?
20:11 Asset vs. Schemes
24:38 SEC Regulation
29:00 NFTs as Membership
36:48 2023 Regulation
42:51 SEC vs. CFTC
47:25 The Solution to Security Laws
50:40 Centralization
55:10 Current SEC Administration
1:01:30 Decentralization Theatre
1:04:50 Closing & Disclaimers
------
Recources:
Mike Selig
https://mobile.twitter.com/mikeseligesq
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures