Katherine Wu, director of enterprise growth and group at Messari, talks in regards to the information that everybody on crypto Twitter was discussing this week: Shapeshift’s determination to require buyer accounts. The well-known crypto-to-crypto alternate has lengthy been recognized for enabling nameless transactions, and CEO Erik Voorhees is a famous libertarian who prefers much less relatively than extra regulation, so the reversal was shocking to many within the crypto group. Katherine explains her idea as to why Shapeshift will likely be instituting buyer accounts now after so a few years of not requiring them, why this wasn’t a straightforward determination for Erik to make and the way Erik’s private historical past of run-ins with the legislation might have influenced this determination.
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Episode hyperlinks:
Katherine Wu: https://twitter.com/katherineykwu
Messari: https://messari.io
https://information.shapeshift.io/weblog/2018/09/04/introducing-shapeshift-membership/
Unchained interview with Shapeshift founder and CEO Erik Voorhees: http://unchainedpodcast.co/shapeshifts-erik-voorhees-on-how-crypto-will-separate-money-and-state
Katherine’s tweet storm: https://twitter.com/katherineykwu/standing/1037315100326158338
Jake Chervinsky’s tweet storm: https://twitter.com/jchervinsky/standing/1037334799382401027
Erik’s tweet about how all the things he writes is being learn carefully: https://twitter.com/ErikVoorhees/standing/1037070392140083200
For extra on the alphabet soup of regulators protecting crypto, try this Unchained with Perianne Boring and Amy Kim of the Chamber of Digital Commerce: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing
Shapeshift’s announcement about its new chief authorized officer: https://ag.shapeshift.io/press-release/shapeshift-hires-new-chief-legal-officer/
Bloomberg article on Shapeshift’s U-turn on accounts: https://www.bloomberg.com/information/articles/2018-09-05/crypto-world-rocked-after-long-time-advocate-voorhees-backpedals
