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On the Frontlines of the SEC Safe Harbor Proposal With CoinList Co-Founder Andy Bromberg

Will a newly proposed "safe harbor" transform the U.S. regulatory landscape for token projects? CoinList co-founder Andy Bromberg discusses.

Updated Sep 13, 2021, 12:16 p.m. Published Feb 10, 2020, 8:00 p.m.
Breakdown2.10

Will a newly proposed "safe harbor" transform the U.S. regulatory landscape for token projects? CoinList co-founder Andy Bromberg discusses.

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Last week, SEC Commissioner Hester Peirce proposed Rule 195 to give token projects a three-year safe harbor. This proposed period would allow them to distribute tokens without fear of violating securities law so long as they achieve certain standards of decentralization in that time.

CoinList is a platform for compliant token sales. On this episode of The Breakdown, CoinList co-founder Andy Bromberg and @nlw discuss:

  • The cost of regulatory clarity in the U.S., including projects leaving U.S. shores
  • Historic approaches to “compliant” token sales and what problems they still leave
  • What Commissioner Peirce’s proposed Rule 195 includes
  • The potential implications for the U.S. crypto markets
  • The chances that Rule 195 comes to pass

Find past episodes of The Breakdown on CoinDesk. For early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

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  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
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DeFi, ethics disputes remain in Senate crypto bill ahead of Jan. 15 vote

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The Senate is approaching a potential markup that may advance crypto legislation to a vote, and industry insiders are amassing for a lobbying push this week.

What to know:

  • The U.S. Senate is potentially as close as it's ever been to a crypto market structure law, as the Senate Banking Committee's chairman said the panel will be ready to mark up the latest draft next week.
  • It's still unclear how much Democrats might push back against this timeline, considering most of the big-ticket disputes remain to be resolved between the parties.
  • A negotiation document that emerged after a meeting among senators on Tuesday demonstrates that many of the Democrats' requests have potentially been satisfied, but key concerns over the ethics of senior government officials, the treatment of DeFi and the question of stablecoins offering yield still await answers.
  • Crypto insiders will visit Senate offices this week to cheer on the negotiations.