Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency

The SEC and CFTC’s recent actions against Uniswap and Galois Capital could mark a turning point in crypto regulation. With both firms settling on relatively low fines, are we witnessing regulators establish precedent for a broader crackdown on the industry?  In this episode, Larry Florio, general counsel at 1kx, delves into the implications of these settlements, the frustrations asset managers face with regulatory compliance, and whether the SEC’s approach could push the crypto industry into a corner. Will these actions set a precedent for more aggressive enforcement ahead? Show highlights: Why the SEC's action against Galois Capital highlights a shift in language, focusing on tokens "offered and sold as securities" What a qualified custodian is and why the SEC's action against Galois punishes them for using FTX, which could have fit one definition of a qualified custodian if it hadn’t been perpetrating a fraud How the SEC demands crypto fund managers comply with regulations on qualified custodians while a