The SEC Thinks Crypto Airdrops Are Securities. Here's Why This Lawyer Thinks It's Wrong - Ep. 707

Bullish:

• $CRYPTOREG - There's a growing need for clearer cryptocurrency regulation, as evidenced by frustration with the SEC's shifting language and lack of clarity.

  • “I think we all had a visceral reaction to this footnote, especially, the the fake apology for any confusion it may have caused. I mean, talk about, like, the understatement of the year.”

    Amanda·13:05
• $DEFI - There's potential for DeFi's growth and acceptance, as evidenced by congressional engagement and attempts to understand its value.

  • “So, I was very honored, of course, to be invited to speak at the 1st DeFi hearing, and it was a great panel. Rebecca Reddick, Brian Avelo, and Peter Van Balkenburg, we all sat next to each other and talked about what DeFi is, why it's valuable, and there was real engagement by the members of congress on trying to understand DeFi and why it's good.”

    Amanda·19:05

Bearish:

• $SEC - The SEC's approach to crypto regulation is flawed and potentially harmful to the industry, acting adversarially rather than as neutral regulators.

  • “I think they're causing chaos. Right? Instead of acting like an objective and neutral regulator, I think they're acting like litigants. They're acting like adversarial litigants.”

    Amanda·18:05
• $AIRDROPS - There's a strong argument that airdrops should not be considered securities offerings, potentially impacting projects relying on airdrops for token distribution.

  • “I think that they're wrong on the law, and I think that the investment of money prong means money, investment of actual money.”

    Amanda·0:00