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   Thank you to our sponsors! 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