Real Lawyers Break Down The FTX Legal Battle | 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.
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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
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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.