DEX in the City Podcast

A weekly @Unchained_pod podcast with crypto lawyers @kkirkbos @Jessi_Brooks1 and @TuongvyLe12. "They're talking about real shit in here"

[DEX in the City Podcast @DEXintheCityPod]

Ordering Power Is Sanctioning Power https://t.co/3cWK9nXhKO

[TRM Labs @trmlabs]

Coming Wednesday on #TRMTalks: A crossover with the lawyers behind @Unchained_pod’s @DEXintheCityPod.

@ARedbord speaks with @TuongvyLe12 (@veda_labs), Jessi Brooks (@RibbitCapital), and @kkirkbos on the CFTC's rise, North Korea, and privacy as crypto's real unlock.

Follow TRM Talks on Spotify to be the first to tune in 👉 https://t.co/PfmQv5uf7U

[Laura Shin @laurashin]

43% of Americans now say AI could literally end the human race.

Jessi Brooks argues on @DEXintheCityPod that crypto is one bad headline away from the same backlash. 🤖

[Unchained @Unchained_pod]

'People are seeing AI as something happening to me, not for me or with me.'

Jessi Brooks maps the trust collapse hitting all of tech.

🤖 @DEXintheCityPod

[Laura Shin @laurashin]

Kalshi and Polymarket built prediction markets and ate the regulatory risk. Now Schwab wants in.

@TuongvyLe12 asks on @DEXintheCityPod who actually ends up owning the category. 🏗️

[Unchained @Unchained_pod]

The firms that create a financial category rarely keep it. @TuongvyLe12 on why Schwab and Cboe may inherit the market Kalshi and Polymarket built. 📊 @DEXintheCityPod

[Unchained @Unchained_pod]

Public trust in AI is collapsing, and @DEXintheCityPod argues crypto should pay attention. Jessi Brooks, @kkirkbos, and @TuongvyLe12 on earning legitimacy before the public becomes the jury. 🤖

https://t.co/ge4bpVsgHj

[Laura Shin @laurashin]

With 43% of Americans now fearing AI could end the human race, Jessi Brooks argues on @DEXintheCityPod that crypto is one bad headline from the same backlash. The rhyme to elevators stuck with me. ✈️

https://t.co/xOZBudyGRY

[Eleanor Terrett @EleanorTerrett]

Perps, Policy and Policing Crypto with @StarkWareLtd GC @kkirkbos, @CT_STATE_POLICE Detective Matt Hogan & @Sumsub CGO Ilya Brovin https://t.co/CeTLp0LWGv

[Laura Shin @laurashin]

A sharp reframe from @kkirkbos on DEX in the City:
CME may not have filed this to win. "Maybe CME filed this to make a statement, to take a public-facing position" — big corporations sue to plant a flag, not just to collect.

https://t.co/pnDnreMucQ

[DEX in the City Podcast @DEXintheCityPod]

Ex-Ethereum Foundation Researchers Launched Their Own Lab https://t.co/c6TQz3R4do

[DEX in the City Podcast @DEXintheCityPod]

KYC for AI is not a side quest.

If the government can push identity-based access rules into frontier models without a transparent process, crypto should be paying attention.

The issue isn’t whether scary tech needs rules. It’s who decides, how, and with what safeguards. @Unchained_pod @kkirkbos @TuongvyLe12

[DEX in the City Podcast @DEXintheCityPod]

DEX will be live this Thursday at 11am EST instead of our usual Tuesday 12pm EST. See you then!

[Katherine Kirkpatrick Bos @kkirkbos]

Just read the CME complaint. A 🧵1. After the Loper Bright decision, courts defer less to agencies. This helps CME on the swap definitional arguments. But it also means the CFTC's prior classification of perps as swaps (e.g. Binance enforcement action) carries less weight. /1

[Laura Shin @laurashin]

'Maybe this all is just the administration inventing KYC for AI and for all of tech.' Jessi Brooks connects the Fable 5 shutdown directly to crypto's decade-long fight against opaque enforcement on @DEXintheCityPod. 🔑

🎧 https://t.co/odu60lZi97

[TuongVy Le @TuongvyLe12]

I really enjoyed this week’s episode - because I always learn SO much from my amazing co-hosts and because I got to talk about one of my favorite topics (no, not vaults 😊) - Reg NMS and how the rescission of Rules 611 and 610(e) is a chance for crypto to show how it can achieve and prove fair order execution in ways that traditional markets can’t.

We have a rare opportunity to bring our capital markets in to the 21st century, and I encourage crypto projects working on innovative solutions to weigh in - comment period ends August 17:

https://t.co/HbDkmF6r5X

[TuongVy Le @TuongvyLe12]

Honestly are you even a city if you’re not New York City 👋

🏀 🌆 🗽 🍎 🚕 🌭 🍕 @nyknicks #ParadeDay

[Laura Shin @laurashin]

"This is not just Anthropic. This is not just AI. This is terrifying for all tech and builders"

Jessi on why the AI crackdown reminds her of the Gensler era and why crypto needs to take a stand

"This reminds me of the Gensler era. The complaint was no clear rules, shifting standards, you find out where you crossed the line after the shutdown order arrives, you get a subpoena"

"Now we're taking that and layering on scary, amazing, transformative technology and claims of political bias and censorship. Although that might be part of it, it's unclear if that's true because there's bipartisan pushback on this"

"It is time for crypto to be taking a stand here because this is not just Anthropic, this is not just AI, this is terrifying for all tech and builders"

[Laura Shin @laurashin]

"AI is not just slightly scarier. I would put it on the level of the nuclear bomb. It has civilizational implications"

TuongVy Le on why AI is different from every other technology and why leaving it entirely to the private sector might be the biggest mistake we make

"Every time I listen to these beautiful explanations and analysis, all I think about is this should not just be left to the private sector"

"There should be some sort of public private collaboration. Similar to what we did with the Manhattan Project and other sorts of efforts"

"Maybe this sounds very anti-capitalist. But AI really is something different than everything else we've seen"

[Laura Shin @laurashin]

Katherine on how the CFTC went from the stepchild of financial regulators to the most talked about agency in the room

"For years the CFTC kind of languished. At your average big law firm, you might have had 50 expert SEC practitioners. You might have had one CFTC expert"

"It was just kind of the stepchild of financial regulators. People just didn't focus on this regulator in the way they focused on the SEC"

"That feels like it's really changed. And it's changing by the day. And it's not necessarily due to crypto"

"One of the big drivers is prediction markets and perps"