
This episode explores how the SEC writes rules for crypto, featuring insights from Commissioner Hester Peirce and Chief Counsel Taylor Lindman.
How do regulators actually write the rules for crypto? SEC Commissioner Hester Peirce and Taylor Lindman, Chief Counsel of the SEC's Crypto Task Force, take us inside the process, recorded at the SEC offices in Washington, D.C. We cover CLARITY Act rulemaking, lessons from Dodd-Frank, principles-based regulation and navigating the risks of decentralized projects. If you want to understand how an agency like the SEC actually works, this episode is for you. Timestamps: 0:00 Intro 1:20 Commissioner Peirce's philosophy on capital markets 5:04 Rulemaking at the SEC 6:48 The SEC's divisions, explained 8:27 How the Crypto Task Force is staffed 10:37 Lessons from Dodd-Frank 13:10 Legal artisans 15:15 The Clarity Act deadlines 18:55 Decentralized intermediaries 20:56 Principles-based vs prescriptive regulation 24:49 Tackling difficult crypto questions 26:23 Leveraging AI for data review 29:46 "Come in and register" under this SEC 33:50 SEC & CFTC collaboration 35:52 Re-engaging the crypto industry 40:00 Crypto Task Force & the Clarity Act 45:54 The SEC's non-crypto priorities 48:41 Avoiding another regulation-by-enforcement era 57:14 Thank you to Sam Enzer, Lewis Cohen…
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