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Podcast

What's the Point of Securities Laws? with Mike Selig

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.
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Jan 5, 2023 • 1 min read

Yesterday, on the show we had lawyer Brian Frye, who gave us novel takes securities. You can find that episode here

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.

TIMESTAMPS

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

RESOURCES

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter 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.

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