DEX in the City: Why Everyone Is Overreacting About the Terra v. Jane Street Lawsuit
Robinhood's Coy Garrison and Seong Seog Lee join the crew to unpack the Robinhood Chain launch strategy.
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MultiChain Advisors
Robinhood's proposed chain for the trading of tokenized assets is live in testnet.
In this DEX in the City episode, Coy Garrison, Robinhood's deputy general counsel on crypto, and Robinhood Crypto Head of Product Seong Seog Lee walk hosts Katherine Kirkpatrick Bos and Jessi Brooks through the thinking behind the blockchain's testnet launch and why it is important that it supports tokenized equities out of the gate.
Beyond the Robinhood Chain testnet launch, KK and Jessi discuss OpenAI and Paradigm's EVMbench tool and why it highlights the need for a safety-first approach. “AI and crypto are in the same room now, but the room's sort of on fire,” Jessi says.
Don't miss how a man accidentally gained remote access to 7,000 robot vacuums in 24 countries with AI-written code.
KK and Jessi also dig into the Terraform Labs estate's lawsuit against Jane Street. Is there any real credibility behind the lawsuit? Listen to find out!
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Hosts:
Jessi Brooks, General Counsel at Ribbit Capital
Katherine Kirkpatrick Bos, General Counsel at StarkWare
Guests:
Coy Garrison, Senior Director and Deputy General Counsel, Crypto at Robinhood
Seong Seog Lee, Head of Product at Robinhood Crypto
Links:
Unchained:
Robinhood Pushes Deeper Into Tokenization With Layer 2 Testnet Launch
Inside Robinhood’s Big Super App Plan: ‘There’s Still a Lot of Work to Be Done’
OpenAI and Paradigm Launch EVMbench to Stress Test AI on Smart Contract Security
Uneasy Money: How the Increasingly Better AI Agents Are Being Used Onchain
When AI Agents Take Over, What Does a Post-Human Economy Look Like?
Terraform Estate Targets Jane Street in Explosive Terra Collapse Lawsuit
DeFi Platforms Could Get ‘Innovation Exemption,’ SEC Chair Says
SEC Quietly Eases Capital Rules for Stablecoins
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Hester Peirce's Former Counsel on Terra 2.0, XRP and a Bitcoin Spot ETF - Ep.356
Coy Garrison, former counsel to SEC Commissioner Hester Pierce and partner at Steptoe & Johnson, discusses the role of regulation in the crypto industry and what the SEC could be doing to make crypto a better space. Show notes:
how Coy started working with crypto
why Coy decided to leave the SEC
why recent comments by SEC chair Gary Gensler made him hopeful in how the SEC approaches crypto
how the crypto industry has grown and evolved over the years
whether the regulations are impeding innovation in the crypto space
how stablecoins should be regulated
what Coy thinks about the UST collapse
what is the SEC’s take on decentralization
whether ETH is centralized and whether it is a commodity
why the SEC has not approved a BTC spot ETF
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Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Coinchange: https://coinchange.io
Ava Labs: https://avax.network
The Graph: https://thegraph.com/graph-day
EPISODE LINKS
Coy Garrison
Linkedin: https://www.linkedin.com/in/coygarrison/
Steptoe & Johnson: https://www.steptoe.com/en/
Previous coverage of Unchained on regulation:
Why the SEC’s Proposed Rules Affecting DeFi Could Violate the First Amendment: https://unchainedpodcast.com/why-the-secs-proposed-rules-affecting-defi-could-violate-the-first-amendment/
Why Crypto Twitter’s Disrespect Toward Regulators Is a ‘Really Bad Business Decision’: https://unchainedpodcast.com/why-crypto-twitters-disrespect-toward-regulators-is-a-really-bad-business-decision/
Can a DeF Smart Contract Be Regulated? Two CFTC Commissioners Discuss: https://unchainedpodcast.com/can-a-defi-smart-contract-be-regulated-two-cftc-commissioners-discuss/
Terra/Luna:
Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed: https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/
Did Someone Deliberately Attack Terra/Luna to Kick off a Death Spiral?: https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/
The Chopping Block: Kevin Zhou on Why He Knew Terra Would Crash: https://unchainedpodcast.com/the-chopping-block-kevin-zhou-on-why-he-knew-terra-would-crash/
The 5 Biggest Lessons From Terra/Luna’s Collapse, According to Tascha Che: https://unchainedpodcast.com/the-5-biggest-lessons-from-terra-lunas-collapse-according-to-tascha-che/
Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too: https://unchainedpodcast.com/heres-why-usdn-de-pegged-from-the-dollar-and-why-ust-might-too/
Bitcoin Futures ETF vs Spot ETF:
https://medium.com/@laurashin/why-investment-experts-say-a-spot-bitcoin-etf-would-be-superior-to-bitcoin-futures-etfs-aaab862262ff
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How The Blockchain Alliance Helps Law Enforcement With Bitcoin Crime And Developments Like The DAO
Jason Weinstein and Alan Cohn, partner and of counsel, respectively at law firm Steptoe & Johnson, discuss their work with the Blockchain Alliance, a coalition of both blockchain and cryptocurrency companies as well as law enforcement agencies including Interpol, the FBI, the SEC, Europol and others. Find out how crime in Bitcoin is similar to all types of crime, what genuinely new questions are being raised, and how various law enforcement agencies might think about even recent developments like the emergence of the DAO and the subsequent DAO hack.
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