What's the Point of Securities Laws? with Mike Selig
Inside the episode
Yesterday, on the show we had lawyer Brian Frye, who gave us novel takes securities. You can find that episode https://youtu.be/jo1ZuhuCVZE?ref=bankless.ghost.io" rel>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
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