# SotN #29: Adapting to Regulation | Erik Voorhees

*Author: David Hoffman*
*Published: Jan 13, 2021*
*Source: https://www.bankless.com/es/sotn-29-adapting-to-regulation-erik*

---

*Level up your open finance game five times a week. Subscribe to [the Bankless program](https://bankless.ghost.io/about) below.*

[Join the Bankless Nation](#/portal/signup)
---
In this episode we chat with a crypto OG on Shapeshift's new DEX Aggregator, Regulation, Deplatforming, and the Bull Market.

#### **Listen to [Episode 29](https://www.youtube.com/watch?v=myyi9MJSmf0&t=1s) of State of the Nation!**
[Listen to podcast episode](http://podcast.banklesshq.com/sotn29-erik-voorhees-shapeshift-sotn29-erik-voorhees-shapeshift-dex-aggregator-regulation-deplatforming-and-the-bull-market) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058?ls=1) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://www.youtube.com/watch?v=myyi9MJSmf0&t=1s) | [RSS Feed](http://podcast.banklesshq.com/rss)

---

#### **Tools from our sponsors to go bankless:**
⭐️ **AAVE **- BORROW OR LEND YOUR ASSETS
[https://bankless.cc/aave](https://bankless.cc/aave)

🚀 **GEMINI** - MOST TRUSTED EXCHANGE AND ONRAMP
[https://bankless.cc/go-gemini](https://bankless.cc/go-gemini)

💳 **MONOLITH** - GET THE HOLY GRAIL OF BANKLESS VISA CARDS [https://bankless.cc/monolith](https://bankless.cc/monolith)

📈 **KWENTA** | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY [https://bankless.cc/kwenta](https://bankless.cc/kwenta)

---

#### **📺 State of the Nation #29: ShapeShift’s DEX Aggregator | Erik Voorhees**
**January 13th, 2020**

Erik Voorhees is the CEO of ShapeShift, a company offering exchange and trading infrastructure, but doesn't act like a typical exchange!

[ShapeShift](https://shapeshift.com/) used to be a place where anyone could atomically trade asset-for-asset.

You would set up a trade between two different assets like BTC and ETH. ShapeShift would give you a BTC address to send the BTC to, and you would give ShapeShift an Ethereum address for them to return ETH to you. ShapeShift never required you to 'deposit' your money, and never held onto users' funds!

It was a very popular product back in 2016 and 2017, yet the company decided to implement KYC requirements, in a move to protect the company from legal liability.

But now, it looks like ShapeShift found a way to remove those KYC requirements without legal risk. And that’s by becoming a DEX aggregator!

We discuss this pivot with Erik, as well as a few other topics as well:

- Crypto regulations in 2021
- Deplatforming
- The new crypto bull cycle
Tune in to this week's State of the Nation!

---

#### **Episode Actions**
- Explore [Shapeshift’s new DEX aggregator](https://shapeshift.com/)
- Give Bankless 5 stars on the podcast! Let’s get to the top of the charts 📈
Also...subscribe to [Bankless YouTube](https://www.youtube.com/c/bankless) to watch [State of the Nation](https://www.youtube.com/playlist?list=PLmkdAgtxf3ahHup7h1dxjs0SNwCSGdjVb) every Tuesday.

[Subscribe to Youtube](https://www.youtube.com/c/bankless)
---
Subscribe to the podcast on [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://www.youtube.com/c/bankless) | [RSS Feed](http://podcast.banklesshq.com/)

Leave a review on [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058)

Share the episode with someone you know!

---
Go [Bankless](https://bankless.ghost.io/about). $12 / mo. Includes [archive access](https://bankless.ghost.io/archive), [Inner Circle](https://bankless.ghost.io/welcome-to-the-inner-circle-wave) & [Deals](https://bankless.ghost.io/the-deal-sheet)—[(pay w/ crypto)](https://commerce.coinbase.com/checkout/33c9a628-6af7-460e-9e00-c20114f1433d)

[Subscribe now](#/portal/signup)
---
***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 a commission if you make a purchase through one of these links. I’ll always disclose when this is the case*
---

*This article is brought to you by [NEAR](https://www.bankless.com/es/sponsor/near-1785257427?ref=sotn-29-adapting-to-regulation-erik)*