The Daily Signal - Trump Opposes Border Compromise, Snowy March for Life, Congress Kicks Spending Bills Down the Road | Jan. 19

TOP NEWS | On today’s Daily Signal Top News, we break down:


  • Thousands gather in D.C. for the 51st March for Life. 
  • Former President Donald Trump says he opposes an emerging Senate deal on border security. 
  • Trump’s legal team files a brief with the Supreme Court arguing that a Colorado Supreme Court ruling to keep him off the ballot would “disenfranchise tens of millions of Americans.”
  •  Congress votes to pass a stop gap spending bill to continue funding the federal government.


Relevant Links


Trump files brief with Supreme Court re ballot access: ; https://www.dailysignal.com/2024/01/18/trump-urges-supreme-court-to-reinstate-ballot-access-says-he-never-engaged-in-insurrection/


Republicans file brief in support: https://www.dailysignal.com/2024/01/18/cruz-scalise-lead-supreme-court-brief-to-keep-trump-on-2024-colorado-ballot/ 

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CoinDesk Podcast Network - UNCHAINED: Why the SEC’s Case Against Coinbase Is So Significant for Crypto

Attorney Sam Enzer explains how the case that’s currently being heard could impact the SEC's entire enforcement regime against crypto.


Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

On Wednesday, a federal court in New York heard oral arguments in Coinbase’s motion to dismiss the SEC’s case against it for, among other things, allegedly acting as an unregulated securities exchange. Notably, Judge Katherine Polk Failla pressed the SEC to explain how it has jurisdiction over Coinbase in the case by defining what it considers a security. 

Sam Enzer, a partner at Cahill Gorden & Reindel who represents Coinbase but not in this matter, joined Unchained to discuss why this case is so significant for the crypto industry, how he believes the government contradicted itself on the crucial definition of what constitutes a security, why he thinks the judge will not dismiss the case at this early stage, how the Ripple and Terraform Labs cases could be used by each side, and why he thinks Judge Failla is such a perfect choice to rule in this case.  

Show highlights:

  • Why SEC v Coinbase holds important implications for the U.S. crypto ecosystem
  • What the SEC alleges against Coinbase, focusing on its trading platform, wallet, and staking services
  • How Coinbase forcefully counters the SEC's claims as it strives to get the case dismissed
  • What the “major questions doctrine” entails and its critical role in this dispute
  • Why Sam perceives the judge as “extremely skeptical” of the SEC's stance
  • Whether inconsistencies surfaced in the SEC lawyers' arguments
  • What “strict liability” means and its frequent mention in this legal battle
  • What takeaways from the Ripple and Terraform Labs cases offer about secondary market sales
  • Why Sam believes Judge Katherine Polk Failla is exceptionally well-suited for this case
  • Whether Judge Failla might reject the motion to dismiss, and when 

Thank you to our sponsors!  Popcorn Network  |  iTrustCapital

Guest

Sam Enzer, partner at Cahill Gordon & Reindel

Previous appearances on Unchained: 

Why SBF's Testimony So Far Has Likely Already Doomed Him

Another Bad Week for Sam Bankman-Fried in His Criminal Trial

Why These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to Testify

SBF Trial: How Sam Bankman-Fried’s Lawyers Might Try and Win His Case

SBF’s Lawyers Could Be Annoying the Judge How Might That Impact the Trial?


Links

Previous coverage of Unchained on the Coinbase case and the topic of securities:

SEC Sues Binance, Coinbase: ‘This Is Not the End of Crypto in the United States’ 

These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler

Coinbase’s Legal Action Against the SEC: How It Will Likely Unfold 

‘Is ETH a Security?’ Why Gary Gensler Couldn’t Give Congress a Straight Answer

Gary Gensler vs. Crypto: What Will the SEC Attack Next?

Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’

Coinbase vs. SEC

Unchained: 

Federal Judge Presses SEC Over Jurisdiction in Case Against Coinbase

SEC Sues Coinbase for Breaking Securities Laws

SEC Files Motion to Freeze Binance’s Assets, Asks for ‘Sworn Accounting’

SEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities

SEC Calls Solana, Polygon, Algorand and Other Tokens Securities but Misses Ether in Binance Lawsuit

Cointelegraph: Senator Lummis files amicus brief supporting Coinbase’s dismissal motion against SEC.

Other cases

Kraken

CNBC:Crypto exchange Kraken settles with SEC for $30 million, will close US staking operation

XRP

Unchained: SEC vs Ripple: Judge Rules XRP Sold on Exchanges Is Not a Security

Terraform Labs

Reuters: Judge sides with US SEC, says Terraform Labs crypto founder Do Kwon violated law

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Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

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Federalist Radio Hour - What’s Going On With The Massive Farmer Protests In Germany?

Consumer Choice Center senior analyst Bill Wirtz joins Federalist Culture Editor Emily Jashinsky to break down farmers' clash with the German government. He also explains how the European Union's agriculture regulations exacerbate tensions between food growers and bureaucrats.

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CoinDesk Podcast Network - MARKETS DAILY: CoinDesk Markets Index Week in Review

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert.

To get the show every day, follow the podcast here.

The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Subsets of the CoinDesk Market Index (CMI) are investible CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of the top digital assets. Today’s takeaways are provided by Pallavi Chintam and Max Good of CoinDesk Indices with additional analysis from Gorast Tasevski, product analyst of Purpose Investments. For more on CoinDesk Indices, visit: coindeskmarkets.com.

This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.

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The Commentary Magazine Podcast - The Terrible Views of the Elites

Today's podcast looks at a stunning new poll of the attitudes of Americans who earn more than $150,000 a year, have a graduate degree, and live in in densely populated areas. Those attitudes are so profoundly in opposition to those of Americans who make less and have less education that they explain a great deal about the continuing strength of Donald Trump. Give a listen.

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Reset with Sasha-Ann Simons - After New Law, Field Museum Covers Some Native American Displays

Museums like the Field are now federally required to get “free, prior and informed consent” from tribes or descendants before allowing display of cultural items or ancestral remains. The Field already does not display those remains, but it does hold one of the largest collections in the nation. Reset hears from Debra Yepa-Pappan, artist and former community engagement coordinator for the Native American exhibition renovation at the Field Museum, about the museum’s repatriation procedures and the changes following these rules.

CBS News Roundup - 01/19/2024 | World News Roundup

All eyes on New Hampshire on this last weekend to campaign before the first Presidential primary. Another snowy forecast. Shrimpers' shrinking profits. CBS News Correspondent Steve Kathan has today's World News Roundup.

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Up First from NPR - Uvalde Report, Temporary Funding Bill and why Iran launched strikes on Pakistan

A report from the Justice Department finds multiple failures in how law enforcement responded to the shooting at an elementary school in Uvalde, Texas. Congress has passed yet another short term funding bill against the wishes of the far-right Freedom Caucus. And Iran's role in a number of conflicts in neighboring countries.

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The Intelligence from The Economist - The Intelligence: the relentless audacity of Alexei Navalny

The ominous disappearance of Russia’s opposition leader led many to fear the worst. But he has turned up in an Arctic penal colony—his message of resistance unchanged. From Batman-themed restaurants to playing a (non-lethal) version of “Squid Game”, movie studios are trying anything to squeeze more from their intellectual property (9:47). And a new film examines what lies behind losing streaks (17:16).


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