Do The Crime, Do The Time | Coy Garrison, Alan Cohn & Jason Weinstein
Crypto’s tumultuous year marks the beginning of a new bull market in crypto lawyering. From the meltdown of Terra/Luna, to the stunning implosion of FTX, the blow-ups are public and the lawsuits are here. Alan Cohn, Jason Weinstein, and Coy Garrison, partners at white-shoe law firm Steptoe & Johnson, sit down to tell Jack Farley, host of Blockworks’ Forward Guidance podcast, all about the legal ramifications of FTX’s fall. As they disclose in the interview, clients of Steptoe & Johnson include members of FTX’s C-Suite (NOT Sam Bankman-Fried), the stablecoin Tether, as well as other digital asset firms. Filmed on November 30, 2022, at Algorand’s Decipher conference in Dubai. -- Follow Algorand on Twitter https://twitter.com/Algorand Follow The Algorand Foundation on Twitter https://twitter.com/AlgoFoundation Follow Steptoe & Johnson on Twitter https://twitter.com/SteptoeLLP Follow Jason Weinstein on Twitter https://twitter.com/jasonweinstein6 Follow Jack Farley on Twitter https://rb.gy/uesguv Follow Forward Guidance on Twitter https://rb.gy/cy0dki Follow Blockworks on Twitter https://rb.gy/igyzsj -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos -- Timestamps: 00:00 Introduction 00:59 How Much Of What FTX Did Was Illegal? 22:17 The Role of Auditing 32:01 Are The Regulators To Blame For The Fall of FTX? 47:48 Stablecoins 1:09:55 Crypto ETFs 1:14:01 Tether 1:33:50 Crypto Legal Contagion Risks -- Disclaimer: as disclosed in the beginning of this video, some parts about Tether have been edited for clarity and accuracy. Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.