What's the Point of Securities Laws? with Mike Selig

<p>Yesterday, on the show we had lawyer Brian Frye, who gave us novel takes securities. You can find that episode here: <a href= "https://youtu.be/jo1ZuhuCVZE">https://youtu.be/jo1ZuhuCVZE</a> </p> <p>In today's episode, David continues down the securities rabbit hole with special guest Mike Selig. Mike is a crypto lawyer at Willkie Farr & Gallagher, former a regulator at the CFTC and a frequent contributor to Coindesk about the state of crypto regulation.</p> <p>------<br /> Osmosis | Your Gateway into the Cosmos Ecosystem<br /> <a href= "http://www.osmosis.zone/bankless">www.osmosis.zone/bankless</a> </p> <p>------<br /> SUBSCRIBE TO NEWSLETTER: <a href= "https://newsletter.banklesshq.com/?utm_source=banklessshowsyt">https://newsletter.banklesshq.com/?utm_source=banklessshowsyt</a> <br /> ️ SUBSCRIBE TO PODCAST: <a href= "https://availableon.com/bankless">https://availableon.com/bankless</a> </p> <p>------<br /> BANKLESS SPONSOR TOOLS:</p> <p>KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE<br /> <a href= "https://bankless.cc/kraken">https://bankless.cc/kraken</a> </p> <p>UNISWAP | ON-CHAIN MARKETPLACE<br /> <a href= "https://bankless.cc/uniswap">https://bankless.cc/uniswap</a> </p> <p>️ ARBITRUM | SCALING ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p>EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS<br /> <a href= "https://bankless.cc/earnifi">https://bankless.cc/earnifi</a> </p> <p>------<br /> Topics Covered:</p> <p>0:00 Intro<br /> 5:35 Mike's Background<br /> 6:55 Why Securities<br /> 10:20 Investing Contract<br /> 13:00 Where's the Line?<br /> 20:11 Asset vs. Schemes<br /> 24:38 SEC Regulation<br /> 29:00 NFTs as Membership<br /> 36:48 2023 Regulation<br /> 42:51 SEC vs. CFTC<br /> 47:25 The Solution to Security Laws<br /> 50:40 Centralization<br /> 55:10 Current SEC Administration<br /> 1:01:30 Decentralization Theatre<br /> 1:04:50 Closing & Disclaimers</p> <p>------<br /> Recources:</p> <p>Mike Selig<br /> <a href= "https://mobile.twitter.com/mikeseligesq">https://mobile.t