DEX in the City: Are Prediction Markets Gambling, and Who Should Regulate Them? - Ep. 952
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Hey all, before we begin, I've got some exciting news to share. We've been working on something a little wild behind the scenes. It's called Unshade On Air, a revamped livestream series and podcast feed that takes you way beyond the headlines. It features sharp, maybe even controversial, takes on major events and the kind of on chain intel that never makes it to your feed. Way more shows, way more often, each one laser focused on a different slice of crypto and finance. First up is Dex in the City, where the wallets are cold and the takes are hot with Jesse Brooks, Catherine Kirkpatrick Boz, a
We spend so much time putting on suits, going to the hill, spending time with regulars. A lot of the people on crypto Twitter do this and put so much time into this. And we think about what we're gonna say. We go on these panels and we talk about these issues, and we spend so much time to be like, we are a responsible industry. We care about the same things you care about. And then the regulators just have to open their Twitter x app and see all this, like, really inappropriate conversation.
Hi, all, and welcome to the second episode of Dex in the City where the wallets are cold and the takes are hot. There are a lot of boss women in crypto, and we wanna make sure you hear from some of them. Before we get going, remember, we're lawyers, but we're not your lawyers. So nothing you hear on decks in the city is legal or financial advice, and it doesn't create an attorney client relationship. For the fine print, as always, check unchainedcrypto.com. First, we have Jesse, Web three prosecutor turned Web three protector over at Rivet Capital. Next, we have V from the SEC to Web three. An
Yeah. Sure. So I I was at the SEC from 2016 to '21. The first five years there, I was an attorney in the enforcement division under chair Jay Clayton. But for the last nine months there, I was chief counsel of the legislative affairs office. So most of that was actually under Gary Gensler and Amanda was Gary's right hand woman So during that I'm limited in what I can say, but what I will say is I think Gary came in there with a really strong vision and agenda for what he wanted to do and the way that he staffed and structured his office, I think kind of reflected that, right? So he structured
100%. I
mean, sounds obvious, but- This is complicated.
I think
we saw what happened. Yeah, I think we saw what happened when that was not the case, right? I mean, the SEC's mandate is to enforce the securities laws and one of the most powerful tools they have to do that is to bring enforcement actions, right? And I would say, the other big thing they do, of course, is rulemaking, which is also very legal in nature. So you're taking legislative mandates and figuring out how they should be implemented in practice. So, why do I think being a lawyer and having just like a profound respect for the law and the power that you wield to bring the law to bear down
And that office was ultimately closed. Yeah,
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