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Why the SEC’s Case Against Coinbase Is So Significant for Crypto - Ep. 597

Unchained
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5.7K views 1 year ago Unchained
Attorney Sam Enzer explains how the case that’s currently being heard could impact the SEC's entire enforcement regime against crypto. 🔥 EPISODE LINK 🔥 CHECK OUT THE EPISODE LINKS AND DETAILS HERE 👉 https://unchainedcrypto.com/podcast/w... 👈 On Wednesday, a federal court in New York heard oral arguments in Coinbase’s motion to dismiss the SEC’s case against it for, among other things, allegedly acting as an unregulated securities exchange. Notably, Judge Katherine Polk Failla pressed the SEC to explain how it has jurisdiction over Coinbase in the case by defining what it considers a security. Sam Enzer, a partner at Cahill Gorden & Reindel who represents Coinbase but not in this matter, joined Unchained to discuss why this case is so significant for the crypto industry, how he believes the government contradicted itself on the crucial definition of what constitutes a security, why he thinks the judge will not dismiss the case at thi …...more
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Why the SEC’s Case Against Coinbase Is So Significant for Crypto - Ep. 597
194Likes
5,765Views
2024Jan 19
Attorney Sam Enzer explains how the case that’s currently being heard could impact the SEC's entire enforcement regime against crypto. 🔥 EPISODE LINK 🔥 CHECK OUT THE EPISODE LINKS AND DETAILS HERE 👉 https://unchainedcrypto.com/podcast/w... 👈 On Wednesday, a federal court in New York heard oral arguments in Coinbase’s motion to dismiss the SEC’s case against it for, among other things, allegedly acting as an unregulated securities exchange. Notably, Judge Katherine Polk Failla pressed the SEC to explain how it has jurisdiction over Coinbase in the case by defining what it considers a security. Sam Enzer, a partner at Cahill Gorden & Reindel who represents Coinbase but not in this matter, joined Unchained to discuss why this case is so significant for the crypto industry, how he believes the government contradicted itself on the crucial definition of what constitutes a security, why he thinks the judge will not dismiss the case at this early stage, how the Ripple and Terraform Labs cases could be used by each side, and why he thinks Judge Failla is such a perfect choice to rule in this case. Show highlights: 🔹 Why SEC v Coinbase holds important implications for the U.S. crypto ecosystem 🔹 What the SEC alleges against Coinbase, focusing on its trading platform, wallet, and staking services 🔹 How Coinbase forcefully counters the SEC's claims as it strives to get the case dismissed 🔹 What the “major questions doctrine” entails and its critical role in this dispute 🔹 Why Sam perceives the judge as “extremely skeptical” of the SEC's stance 🔹 Whether inconsistencies surfaced in the SEC lawyers' arguments 🔹 What “strict liability” means and its frequent mention in this legal battle 🔹 What takeaways from the Ripple and Terraform Labs cases offer about secondary market sales 🔹 Why Sam believes Judge Katherine Polk Failla is exceptionally well-suited for this case 🔹 Whether Judge Failla might reject the motion to dismiss, and when Thank you to our sponsors! ➡️ Popcorn Network ➡️ iTrustCapital Guest ⭐️Sam Enzer, partner at Cahill Gordon & Reindel _______________________________________________________ Time Stamps: 00:00 Introduction 01:11 Why this case is important 05:16 SEC’s argument 08:00 Coinbase’s arguments 17:43 Judge’s reaction to the arguments 26:19 Insights from Ripple and Terraform Labs cases 36:41 Legitimacy of staking services 38:09 The possible outcomes of the hearing 41:10 Weekly recap _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! CHECK OUT THE CRYPTOPIANS →    • TRAILER: The Cryptopians: Idealism, G...   WEBSITE → https://unchainedcrypto.com UNCHAINED DAILY NEWSLETTER → https://unchainedcrypto.substack.com/ LAURA'S TWITTER →   / laurashin   UNCHAINED TWITTER →   / unchained_pod   FACEBOOK →   / unchainedwithlaurashin   INSTAGRAM → https://www.instagram.com/laurashin/?... LINKEDIN →   / laurashin   MERCHANDISE → https://unchainedpodcast.company.site/ ++++++++++++++++++++++++++++++++++++++++++++++++ NEW EPISODES OF UNCHAINED EVERY TUESDAY AND FRIDAY! THE CHOPPING BLOCK EVERY WEEK! Apple → https://podcasts.apple.com/us/podcast... Spotify → https://open.spotify.com/show/1cJrrfG... Google Podcast → https://www.google.com/podcasts?feed=... Stitcher → https://www.stitcher.com/podcast/forb... RSS Feed → https://feeds.megaphone.fm/LSHML47619... ++++++++++++++++++++++++++++++++++++++++++++++++ YOUR NO-HYPE RESOURCE FOR ALL THINGS CRYPTO! ++++++++++++++++++++++++++++++++++++++++++++++++
Unchained
Unchained

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Unchained

68K subscribers