Lawson Baker, head of operations and common counsel at TokenSoft (disclosure: a earlier sponsor of the podcast), explains the importance of this week’s SEC assertion on broker-dealer custody of digital asset securities, what points it outlines, what issues stay to be resolved, what impression it might have on the general business — and why this, and different regulatory steerage, might push the business in a extra cypherpunk course. Plus, we talk about Blockstack’s Reg A+ preliminary coin providing, which was lastly authorized by the SEC, whether or not it’s too onerous for startups and the way this can have an effect on the preliminary coin providing phenomenon. And at last, we speak about what we’ll be watching out for in subsequent week’s Senate and Home hearings on Fb’s Libra, and what the chances are that the regulators quash the venture.
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Episode hyperlinks:
Lawson Baker: https://twitter.com/lwsnbaker
TokenSoft: https://www.tokensoft.io/
SEC assertion on broker-dealer custody of digital asset securities: https://www.sec.gov/information/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities
SEC Commissioner Hester Peirce’s tweet seeming to be unimpressed with this assertion: https://twitter.com/HesterPeirce/standing/1148302756643594240
Katherine Wu presents her evaluation of the SEC assertion: https://twitter.com/katherineykwu/standing/1148339779437768704
Blockstack’s Reg A+ providing authorized: https://www.wsj.com/articles/sec-clears-blockstack-to-hold-first-regulated-token-offering-11562794848
Particulars on Blockstack’s token sale: https://weblog.blockstack.org/blockstack-sec-qualified-token-sale-open/
Unconfirmed episode on Blockstack’s Reg A+ submitting: https://unchainedpodcast.com/blockstacks-reg-a-filing-and-the-future-of-token-offerings/
Fed raises issues about Libra: https://www.nytimes.com/2019/07/10/expertise/fed-chair-facebook-cryptocurrency-libra.html
Unconfirmed episode with Dante Disparte, head of coverage and communications for Libra: https://unchainedpodcast.com/libras-dante-disparte-on-why-we-should-trust-a-financial-system-designed-by-facebook/
Unconfirmed episode with Michael Casey on why it might be good if Libra rivaled the US greenback: https://unchainedpodcast.com/why-it-would-be-good-if-libra-rivaled-the-us-dollar/
