The Encrypted Economy

Eric Hess

The Encrypted Economy podcast explores the business, laws, regulation, and security relating to our most valuable digital data...whether financial assets, proprietary data or personal information. Join us each week as we delve into what makes up the new encrypted economy as well as the developments that are shaping our economies and world. read less
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Episodes

Securing Open Source Is a Public Good - Brian Behlendorf, Open Source Security Foundation - E109
Mar 22 2023
Securing Open Source Is a Public Good - Brian Behlendorf, Open Source Security Foundation - E109
On this week’s episode of The Encrypted Economy, we have Brian Behlendorf of the Open Source Security Foundation. We discuss the Open Source Security Foundation and how it is making a positive impact in the space.  Be sure to subscribe to The Encrypted Economy for more coverage of innovative technologies in web 3.0.  Topics Covered: · 2:40   Brian’s Background· 5:00   Transition from Hyperledger Foundation to the Open Source Security Foundation· 7:40   Core Principles for Ensuring Open Source Software Security· 11:40   Discussing the Mobilization Plan for Open Source Software· 16:50   To What Extent do Patches Exist in the Open Source Community?· 21:20   Techniques for Assessing Core Security Controls· 24:30   How can Users Tell?· 31:40   How Signing, Attestations, and Grading can Secure Open Source· 38:30   Forward-Looking Risks in the Space· 47:40   Why the Focus on Open Source Security?· 53:50   How Does Focus Change with Permissionless Systems?· 1:00:00   Discussing the Alpha Omega Project· 1:05:00   Other Functions of OSSF   Resource List:·       Brian’s LinkedIn·       Open-Source Security Foundation·       Log4Shell·       Mobilization Plan·       Open Source Technology and Improvement Fund·       Solar Winds·       Hyperledger·       Linux Foundation Follow The Encrypted Economy on your favorite platforms!TwitterLinkedInInstagramFacebook
How MiCA Fits In (Panel Series 4 of 4) – E107
Feb 21 2023
How MiCA Fits In (Panel Series 4 of 4) – E107
On this week’s episode of The Encrypted Economy, we have our final panel discussion on MiCA. We give an overview of current EU legislation and discuss achieving real viability and effectiveness with Markets in Crypto-Assets regulation.  Be sure to subscribe to The Encrypted Economy for more insight into innovative regulatory frameworks in web 3.0.  Topics Covered:· 3:30    Discussing ESMA and EBA and Their Roles Regarding MiCA· 22:40    Understanding European Legislation· 31:40    Will Regulators Become Even More Stringent?· 33:30    The Scope of EBA in Regards to MiCA· 37:00    What Regulations are Going to Impact MiCA?· 53:00    Blacklisting Under New Regulation· 1:12:00   Can an Asset Fall Under Both MiFID and MiCA?· 1:17:00     Developments with the Data Act·       · 1:32:50     Discussing DORA and Product Liability  · 1:42:40     How Does PSD2 Factor into this? Resource List:·       Alexandru’s LinkedIn·       Marina’s LinkedIn·       Francesco’s LinkedIn·       William’ s LinkedIn·       SLV Legal·       The European Crypto Initiative·       Crypto Policy Updates·       MiCA·       GDPR ·       MiCA Overview and Categorization of Crypto Assets ·       Digital Operational Resilience Act·       ESMA·       Transfer of funds regulation·       EU payment services directive PSD2·       The competing priorities facing U.S. crypto regulations Follow The Encrypted Economy on your favorite platforms!TwitterLinkedInInstagramFacebook
MiCA: What a CASP Must Do in the EU (Panel Series 3) - E105
Feb 2 2023
MiCA: What a CASP Must Do in the EU (Panel Series 3) - E105
On this week’s episode of The Encrypted Economy, we continue our panel series discussing MiCA. We delve into the appeals of MiCA in creating a common framework for the licensing of Crypto Asset Service Providers. Be sure to subscribe to The Encrypted Economy for more insights on the latest regulatory developments in web 3.0.  Topics Covered:·       3:00   Introduction to CASPs·       8:40   Licensing Requirements for a Custodian of Digital Assets·       22:57   Grey Areas in MiCA    ·       32:30   Obligations of a CASP·       40:40   How Does MiCA Address Insolvency?·       48:20   Walking through the Obligations ·       55:00   Applicable Provisions Regarding Market Abuse Forecasts·       1:06:10   Liability in the Context of a CASP·       1:21:00   Compliance Implications for Smaller Firms  ·       1:34:00   Discussing FTXResource List:·       Alexandru’s LinkedIn·       Jonathan’s LinkedIn·       Marina’s LinkedIn·       Francesco’s LinkedIn·       William’s LinkedIn·       Alireza’s LinkedIn ·       MiCA Overview·       MiCA Heralds New Era of Regulatory Scrutiny·       What EU’s MiCA regulation means for crypto-asset service providers·       MiFID·       Reg ATS·       MiCA and FTX Follow The Encrypted Economy on your favorite platforms!TwitterLinkedInInstagramFacebook
New Year, New Congress: Digital Asset Legislation? Joel Oswald, Principal at Williams and Jensen - E104
Jan 30 2023
New Year, New Congress: Digital Asset Legislation? Joel Oswald, Principal at Williams and Jensen - E104
On this week’s episode of The Encrypted Economy, our guest is Joel Oswald, Principal at Williams and Jensen. We discuss lobbying and what legislation will come out of Capitol Hill this year regarding Web 3. Be sure to subscribe to The Encrypted Economy for more insights on the latest regulatory developments in web 3.0.  Topics Covered:· 2:20   Joel’s Background· 5:20   Distinctions Between the Approach of Lobbyists and Interest Groups · 14:00   FTX’s Impact on the Legislative Agenda· 17:00   SEC’s Role in FTX Contagion  · 21:40   Status of the DCCPA· 29:40   Managing the Exit of Pat Toomey · 34:40   Will Europe be an Inspiration to Congress?· 44:00   Does Congress Understand How to Regulate Crypto?  · 1:00:00   What is the Path to Composition?  · 1:13:30   What Comes of the Responsible Financial Innovation Act?Resource List:·  Joel’s LinkedIn·  Williams and Jensen·  Blockchain Association ·  Congress accepts FTX donations·  Stabenow Bill ·  Lummis-Gillibrand Bill  ·  Congress may be ‘ungovernable,’ but the US could see crypto legislation in 2023·  US authorities to intensify scrutiny of the crypto industry in 2023·  Biden Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks·  US senator behind efforts to pass major crypto bill won’t seek reelection Follow The Encrypted Economy on your favorite platforms!TwitterLinkedInInstagramFacebook
EU Issuances of Crypto Assets Under MiCA (Panel Series 2) - E103
Jan 24 2023
EU Issuances of Crypto Assets Under MiCA (Panel Series 2) - E103
On this week’s episode of The Encrypted Economy, we continue our guest panel discussion on the EU's Markets in Crypto-Assets regulation (MiCA). We dive into the legislation and explore the concept of issuances in greater depth. Be sure to subscribe to The Encrypted Economy for more insights on the latest developments in Web 3 legislation.  Topics Covered:· 0:00        Summary and Introductions· 7:30        Journey of Issuers Under MiCA· 12:00      The Role of the White Paper · 40:00      Exploring the Risk Management Tools· 1:04:00    Timing of MiCA Implementation · 1:12:00    Liability Issues and the Potential for Lack of Clarity· 1:45:30    What Practices Will be Taken on by Issuers?      Resource List:·       MiCA Overview and Categorization of Crypto Assets ·       Alexandru’s LinkedIn ·       Jonathan’s LinkedIn ·       Marina’s LinkedIn ·       Francesco’s LinkedIn ·       William’s LinkedIn·       Alireza’s LinkedIn·       BCA Solutions ·       SLV Legal ·       The European Crypto Initiative ·       Crypto Policy Updates ·       MiCA ·       Hinman Test ·       Safe Harbor ·       Lewis Gillibrand Bill ·       GDPR ·       The competing priorities facing U.S. crypto regulations Follow The Encrypted Economy on your favorite platforms!Twitter LinkedIn Instagram Facebook
Climate Action At Scale With Web 3.0 - Anna Lerner Nesbitt, CEO of the Climate Collective - E102
Jan 17 2023
Climate Action At Scale With Web 3.0 - Anna Lerner Nesbitt, CEO of the Climate Collective - E102
On this week’s episode of The Encrypted Economy, our guest is Anna Lerner Nesbitt, CEO of Climate Collective. We discuss the digitization of the value chain to create transparency and verifiability. Be sure to subscribe to The Encrypted Economy for more insight into revolutionary developments in web 3.0. Topics Covered:·       3:30   Anna’s Background·       9:30   Introduction to Regenerative Finance ·       16:00   How Technological Advancements are Enabling Regenerative Practices·       21:50   Areas to be Excited About in Regenerative Finance ·       25:40   Measuring Progress In Developing Countries ·       34:00   Discussing Universal Basic Income·       45:00   What is the Climate Collective?·       57:30   Effective Strategies for Coordinating Climate Response·       1:08:50   Call for Action Resource List:·       Anna’s LinkedIn·       Anna’s Twitter·       Climate Collective·       United Nations Framework Convention on Climate Change·       Global Environmental Facility·       Regenerative Finance·       Toucan·       Flowcarbon·       Senken·       Spirals·       Celo·       Mento·       EthicHub·       Gainforest·       SimplexDNA·       Universal Basic Income·       Good Dollar·       The Paris Agreement’s New Article 6 Rules Follow The Encrypted Economy on your favorite platforms!TwitterLinkedInInstagramFacebook