Techquitable
Gabriel Shapiro, a crypto lawyer and founder of MetaLeX, joins the Decentralization Research Center’s Connor Spelliscy to discuss market structure legislation, limiting principles for Howey, ancillary assets, and the risks of incentivizing useless tokens. Timestamps: 02:37 - Are there limiting principles for Howey? 06:11 - Prior Senate draft vs. CLARITY Act: ancillary assets explained 09:29 - Why CLARITY’s framework is more durable 13:53 - Incentivizing rights-less tokens: “race-to-the-bottom stuff” 16:01 - The danger of bad incentives 19:36 - VC token sales: 60% in initial Senate draft vs. 5–20% in House bill 22:28 - Decentralized governance: protections in CLARITY vs. Senate 26:37 - What “amazing” SEC exemptions could look like 28:54 - SEC vs. CFTC: who should regulate token markets 30:32 - The importance of a hard-coded decentralization test & much more. For more: Subscribe to the DRC's monthly report [https://drc.beehiiv.com/].
22 episodios
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