The Interchange: MakerDAO, what art thou?

MakerDAO: A regulatory triple threat?

At SXSW, the SEC’s Senior Advisor for Digital Assets, Valerie Szczepanik, made a few comments on how algorithmic and crypto asset collateral-backed stablecoins could potentially be considered securities. Two statements Szczepanik made in particular have left me with a lingering worry for Maker that I just can’t shake.