Crypto exodus from US is “an absolute fumble” by government, says VC

Quick Take

  • Adam Cochran, Managing Partner at Cinneamhain Ventures, discusses how recent enforcement actions by the US Securities and Exchange Commission are fostering a surge in crypto innovation outside the United States.

Episode 56 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Cinneamhain Ventures Managing Partner Adam Cochran.

Listen below, and subscribe to The Scoop on AppleSpotifyGoogle PodcastsStitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Adam Cochran has over a decade of experience in the crypto industry and is the Managing Partner of Cinneamhain Ventures.

In this episode, Cochran examines how recent enforcement actions by the US Securities and Exchange Commission is driving crypto innovation outside of the United States.

"This is an absolute fumble for the U.S. government and U.S. industry at large," he told The Block's Frank Chaparro

Outline of the discussion:

2:12 - Crypto and Congress

4:30 - SEC Enforcement Actions

7:16 - Coinbase & Binance

9:17 - Impact on DeFi


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11:08 - Innovation Outside the U.S.

15:57 - Impact on Venture Landscape

17:10 - Decentralization & DAOs

19:52 - Is Solana a Security?

23:36 - Market Update

27:55 - Hidden Binance Risk?

This episode is brought to you by our sponsors PayPal and CleanSpark.

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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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