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Polygon CLO challenges SEC's unregistered securities designations

Polygon CLO challenges SEC's unregistered securities designations

FromThe Scoop


Polygon CLO challenges SEC's unregistered securities designations

FromThe Scoop

ratings:
Length:
32 minutes
Released:
Aug 24, 2023
Format:
Podcast episode

Description

Rebecca Rettig serves as the Chief Legal and Policy Officer at Polygon Labs.
In this episode, Rettig offers a comprehensive analysis of the SEC's ongoing legal proceedings against Coinbase and Ripple, including instances where the Court seems to be challenging the SEC's authority.
Rettig explains, "I think what both the Ripple and the Coinbase motion for judgment on the pleadings is really trying to say is, 'We got to bring it back to the law. This may look like something, but it doesn't look like anything you've seen before.' So we can't import these other ideas where an investment contract means there's some implied contract."
Additionally, she touches on the Court's perspective regarding the SEC's prior actions towards Coinbase: "The judge that [the Coinbase case] is in front of expressed a lot of skepticism about the case because she said to the SEC, 'Didn't you guys let this one go through and allow them to IPO?'"
During this episode Chaparro and Rettig also discuss:

Regulatory frameworks for digital assets outside the U.S.

The Value Prop and how blockchain is being used for good

Why this has been a "bullish" bear market
Released:
Aug 24, 2023
Format:
Podcast episode

Titles in the series (100)

Welcome to The Scoop, The Block's flagship podcast covering finance and technology industries through unmatched interviews with top thought leaders, cultural icons and industry veterans. The Block’s Director of News Frank Chaparro hosts new guests every week, diving into breaking news and topics ranging from NFTs, to the impact of DeFi on Wall Street, to Bitcoin's role in the economy and beyond.