Crypto didn't, for reasons we all understand, crypto didn't act like a traditional industry, so instead of taking that time to come into compliance, crypto said 'hold my bear, watch me DeFi'
- Jill H. Williamson, a.k.a Crypto Mom
Shownotes
Get in touch with Jill via her website (https://gravislaw.com/attorney/jill-m-williamson/) or linkedin (https://www.linkedin.com/in/jill-williamson-6409a8/)
Sec charges (https://www.sec.gov/news/press-release/2021-147) Poloniex Exchange for unregistered asset trading
Washington State charges Celsius for operating an unregistered money service (https://dfi.wa.gov/enforcement-actions?combine=celsius&field_cs_enforcement_act_tid=All&field_date_entered_value%5Bvalue%5D%5Byear%5D=) business
Celsius' Terms of Use (https://celsius.network/terms-of-use) indicate they are aware that their products are likely notes or securities
There is ample legal precedent (https://digitalcommons.law.umaryland.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=2349&context=mlr) to define notes, or lending, as securities
The DAO Report (https://www.sec.gov/news/press-release/2017-131) is required reading for understanding the SEC's view on digital assets as securities
Value for Value
Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/)
The Fountain (https://www.fountain.fm/) podcast app
Sponsors and Acknowledgements
Music by Lesfm from Pixabay
Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)