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This Week on Unchained: 'Pig Butchering' Scams, Gary Gensler Coming After Crypto, and More

February 18, 2023

Erin West, Deputy District Attorney of California’s Santa Clara County, has heard firsthand tales of scammers preying on victims for hundreds of thousands of dollars. She joins the show to explain the scamming technique known as “pig butchering,” how it is estimated to have raked in tens of billions worldwide, and why it has led to suicide in some cases.

Mike Selig, counsel at Willkie Farr, comes on the show to discuss everything SEC-related, from Kraken’s custodial staking settlement to action against BUSD issuer Paxos. The former CFTC law clerk voices concern that coordination among regulators could choke off the industry’s growth.

This week, Polygon Chief Legal Officer Marc Boiron joins the show to examine the SEC’s recent enforcement ramp-up. They cover why Marc thinks NYDFS coming after Paxos is the most interesting thing to analyze in the SEC-BUSD spat, whether the SEC and NYDFS actions against Paxos were coordinated, and more.

In this interview Laura talks with Michael Selig, counsel at Willkie Farr, who shared his insights into the current regulatory landscape of the cryptocurrency and blockchain industry.

In this premium interview, I talk with the CEO and cofounder of Chorus One, Brian Crain. Chorus One is a company that provides staking services and solutions to both businesses and consumers. During the interview, Brian discussed the advantages of proof of stake and how he has been working towards this vision since 2017.

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