Why the SEC Is Probing Yuga Labs and Coin Center Is Suing Treasury - Ep. 407
Update: 2022-10-14
Description
Peter Van Valkenburgh, director of research at Coin Center, comes to talk about the SEC probe into Yuga Labs, how to determine whether something is a security, and Coin Center's lawsuit against the US Treasury over the sanctions on Tornado Cash.
Show highlights:
- whether there's an over-reliance on the Howey Test and how a token being non-fungible doesn't mean it's not a security
 - what constitutes an investment contract and how it works in the Metaverse
 - the consequences for NFT holders and issuers if the NFTs are considered securities
 - why Coin Center is suing the US Treasury over the Tornado Cash sanctions
 - Who the plaintiffs are
 - whether this lawsuit differs from the one Coinbase is supporting
 - how to solve the issue of bad actors like North Korea using tools such as Tornado Cash to launder money
 - the remedy Coin Center is looking for in the lawsuit against the Treasury
 - how long the lawsuit could take to be resolved
 
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Peter
SEC probe into Yuga Labs
Coin Center lawsuit over Tornado Cash sanctions
- Coin Center lawsuit and statement
 - Unchained article
 - Coinbase Backs Tornado Cash Lawsuit Against U.S. Treasury
 - North Korean hacks
 - Treasury Press release on the sanctions
 - Previous coverage of the Tornado Cash sanctions on Unchained:
 
-  
- Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No
 - Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
 - The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
 - Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
 - Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury
 
 
 
 
 
 
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