Hailey Welch’s $HAWK Coin, Pump.fun, OpenAI’s o1 Model, Coinbase, Fake Enron, + More

Dec 24, 2024

 

Hosts Kyle Lawrence and Moish Peltz discuss a recent case where Samuels filed a lawsuit against Lido DAO, accusing its staking services of being an unregistered securities offering, and the court’s decision to deny motions to dismiss, illustrating the broader implications for DAOs formed without formal legal structures. Further discussion covers a Texas court invalidating the SEC’s “dealer rule,” the approval of Ripple’s RLUSD stablecoin, fake Enron, and Coinbase and Pump.fun updates.

The episode closes with an in-depth discussion of recent SEC enforcement actions, including Cyberkongz, a prominent blockchain gaming project. Cyberkongz recently tweeted about receiving a Wells Notice from the SEC, which implies potential legal action over their use of tokens without registering them as securities. Moish and Kyle also speculate on the potential increase in Wells notices and lawsuits before the current administration ends and debate how the incoming administration might handle these cases.

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Chapter Markers:

2:47 Samuels v. Lido DAO​

7:28 Pump.fun

11:39 OpenAI

16:06 SEC and Gary Gensler Sued

19:52 Coinbase Antitrust

23:38 Coinbase CEO Announcement

27:42 Hailey Welch and $HAWK

32:32 Fake Enron Launch

36:42 Lightning Round (Dog Mayor, Dealer Rule, RTFKT, Ripple, Bitcoin Reserve)

46:07 SEC Issues Wells Notice to CyberKongz

Show Notes:

Samuels v. Lido DAO​:
https://www.courtlistener.com/docket/68095676/115/samuels-v-lido-dao/

OpenAI’s Latest Model Lies to Avoid Being Shut Down:
https://futurism.com/the-byte/openai-o1-self-preservation

Pump.fun not so fun in UK:
https://www.coindesk.com/policy/2024/12/06/memecoin-factory-pump-fun-bans-u-k-crypto-traders

Pump.fun Moderation:
https://pump.fun/docs/moderation-message

18 States Sue SEC, Commissioners:
https://decrypt.co/291746/sec-gary-gensler-sued-crypto-crackdown

Gensler Officially Stepping Down:
https://www.sec.gov/newsroom/press-releases/2024-182#:~:text=The%20Securities%20and%20Exchange%20Commission,of%20the%20GameStop%20market%20events.

Coinbase CEO:
https://www.theblock.co/post/329223/coinbase-ceo-brian-armstrong-warns-law-firms-sec

Coinbase Antitrust:
https://news.bloomberglaw.com/daily-labor-report/coinbase-sued-by-crypto-rival-over-wrapped-bitcoin-delisting

Will Crypto Doom Hawk Tuah Girl?:
https://cointelegraph.com/news/hailey-welch-hawk-tuah-memecoin-launch-charges-sec

Fake Enron Announces Launch:
https://thedefiant.io/news/markets/fake-enron-announces-parody-crypto-relaunch-with-viral-post

Lightning Round:
Crypto Enthusiasts Hijacked a Dog Mayor Competition:
https://www.nytimes.com/2024/11/13/nyregion/new-york-mayor-voting-dog.html?campaign_id=190&emc=edit_ufn_20241116&instance_id=139792&nl=from-the-times&regi_id=95996976&segment_id=183334&user_id=5fff52f19dd8e99417a1bd508b614a93
Jubilation as Texas Court Strikes Down SEC’s Dealer Rule:
https://thedefiant.io/news/regulation/crypto-community-celebrates-court-rejecting-sec-dealer-rule
RTFKT:
https://x.com/rtfkt/status/1863621178532773928?s=46&t=SQfmdetzSAaJdMyg8P8U6A
Ripple’s Stablecoin Approved by NY Regulators:
https://thedefiant.io/news/defi/ripple-s-rlusd-stablecoin-gets-approved-by-ny-regulators
PA Lawmaker Introduces Strategic Bitcoin Reserve Bill:
https://cointelegraph.com/news/pennsylvania-house-bill-strategic-bitcoin-reserve

SEC Issues Wells Notice to CyberKongz:
https://x.com/CyberKongz/status/1868746903053127941

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Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.