Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view. Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Friederike Ernst, Meher Roy and Felix Lutsch. Since 2014, our episodes have been downloaded over 8 million times.
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episode 293: Stephen Palley: The Regulatory Landscape for Cryptocurrencies and the SEC's Case Against Kik
The complex and evolving regulatory landscape for cryptocurrencies has been a topic for many years. After a long period of waiting, the SEC started pursuing fraud causes in the last 1-2 years. But the recent lawsuit against Kik is the first time that the SEC goes after a large, non-fraud case.
We were joined by lawyer Stephen Palley to discuss the Kik case, the US regulatory landscape and recent announcement of the Libra cryptocurrency promoted by Facebook.
Topics covered in this episode:
- The SEC lawsuit against Kik
- The potential path of the process and how it could resolve in the end
- Why the Kik case is unlikely to provide any regulatory clarity in the next few years
- What a settlement in the Kik case could look like
- Whether the Howey test is still a sensible way to regulate securities
- How US regulators will deal with decentralized exchanges
- Stephen's thoughts on Libra
Episode links:
- Annotated Guide to the SEC's Complaint against KIK - Katherine Wu
- Kik and the SEC: What’s Going On and What Does It Mean for Crypto? -
Katie Haun - Kin Sets Up $5 Million DefendCrypto.org to Take on the SEC - Unchained
Podcast - SEC vs. Kik: The Lawyers Speak - CoinDesk
- Episode 135 with Stephen Palley: Lawmodynamics – How to Sue a DAO
- Stephen Palley on Twitter
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This episode is hosted by Brian Fabian Crain & Friederike Ernst. Show notes and listening options: epicenter.tv/293