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 targeting 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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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.