Is the term “Decentralized Exchange” an Oxymoron?

There has been a lot of media coverage and chatter in the crypto community over the concept of “decentralized” exchanges, but much of it is misplaced.  For example, after the recent hack of CoinCheck there were a series of articles, such as one from Bloomberg, that promotes “decentralized” exchanges as a solution to the security … Continue reading Is the term “Decentralized Exchange” an Oxymoron?

Crypto Regulation: Discussion with SEC Staff, Feb 15, 2018

SEC Presentation on Crypto Market Structure This presentation was delivered to a combined audience of SEC staff from Trading & Markets, Corporation Finance, & Enforcement.   The discussion was wide ranging and covered many of the topics in the slides. My conclusion from the meeting is that the SEC is being thoughtful and measured in its … Continue reading Crypto Regulation: Discussion with SEC Staff, Feb 15, 2018

Warnings from Davos on the “Risks” of Crypto are right on schedule…

This morning in the gym, I noticed the first of (likely) many “warnings” on CNBC about Crypto-assets emanating from Davos.  This should surprise no one, as that confab, which includes the most powerful financiers in the world, is primarily about consolidating and maintaining the power they hold as modern-day aristocrats. While I am not a … Continue reading Warnings from Davos on the “Risks” of Crypto are right on schedule…