S5 E9 | Current State of Crypto Regulation w/Rebecca Rettig

On this episode of Rehash, we speak with Rebecca Rettig, Chief Legal and Policy Officer at Polygon Labs, about the current state of crypto regulation around the world.This is the first legal and policy focused conversation we’ve had on Rehash in over a year - the last conversation we had on crypto regulation was with Katherine Wu from Archetype and Crypto Council for Innovation all the way back in Season 2. The main difference I wanted to touch on in this episode (other than just getting a more current take on where crypto regulation currently stands) is getting a more global perspective on how different countries or regions of the world are looking at crypto. Rebecca talks about key pieces of crypto legislation like MiCA (Markets in Crypto Assets) in the EU and FIT (Financial Innovation and Technology for the 21st Century Act) in the US and shares her perspectives on which countries have the most crypto friendly policies.We focus most of the conversation on crypto policy, but we do chat a bit on the legal front as well. Rebecca talks about some key court cases we’ve seen recently in the U.S., such as the Coinbase case, and shares her take on what she believes the SEC’s strategy is and what that means for us as people building and working in the industry.Finally we wrap up with some spicy questions from our community, like how to stay out of jail as someone building in web3 or whether crypto will ever succeed in the U.S.Rebecca was nominated by Carsten and voted onto the podcast by Justin Conley, Katelyn Donnelly, Zayi Reyes, Meg Lister, Aaron Soskin, David Silverman, anon, and Carsten.COLLECT THIS EPISODEhttps://www.rehashweb3.xyz/ FOLLOW USRehash: https://twitter.com/rehashweb3Diana: https://twitter.com/ddwchenRebecca: https://twitter.com/RebeccaRettig1TheValueProp: https://thevalueprop.io/ SPONSORSLens Protocol: https://lens.xyzLivepeer: https://livepeer.org LINKSMarkets in Crypto Assets (MiCA)Financial Innovation and Technology for the 21st Century Act (FIT)Crypto435TheValuePropGet involved in policy: Email policy@polygon.technology TIMESTAMPS0:00 Intro4:00 The shift from legal to policy7:43 Infrastructure provider vs dapp provider9:29 Non-financial use cases for crypto10:02 High level overview of global crypto policy14:49 Government 101 (US)19:12 What is the SEC’s strategy?20:39 People used to hate telephones20:51 SEC’s lawsuit against Coinbase24:57 What will happen to DAOs and NFT projects without legal protections?26:36 Best advice for DAOs29:20 Will the US ever embrace crypto?30:56 Wyoming DAO LLCs31:58 Which country’s laws apply?33:48 Most important crypto legislation takeaways36:06 How can I help push crypto policy forward?38:37 Will crypto ever succeed in the U.S.?39:25 Best places to live for web3 nomads40:03 How to stay out of jail 42:51 Follow Rebecca DISCLAIMER: The information in this video is the opinion of th