The Get Down: Beyond Bitcoin

DeFi, Regulation, and Risk: A Masterclass with Legal Eagle TuongVy "Vy" Le

butterscotch Media Season 2 Episode 23

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 45:43

In this episode of The Get Down: Beyond Bitcoin, Ritzy P and Cleve Mesidor host TuongVy Le, General Counsel at Veda and former SEC official. They discuss bridging the gap between federal regulation and decentralized finance, moving past the "Degen phase" toward institutional-grade consumer protection.

All Things Butterscotch

  • Ecosystem Updates: Cleve Mesidor highlights the expansion of Butterscotch Media and the rise of niche, founder-led journalism.
  • Events: A preview of the EVE Wealth Summit in Arizona and plans for Consensus 2026 in Miami.
  • Real Talk AI: Ritzy P introduces her new virtual workshop focused on AI ethics and community education.

Interview with TuongVy Le

  • From SEC to Veda: TuongVy discusses her transition from SEC enforcement to building crypto infrastructure.
  • DeFi Vaults: How Veda abstracts complexity into "Vaults," functioning as the on-chain equivalent of a 401k or ETF.
  • Policy vs. Innovation: Using the "automobile analogy," she argues for policy centered on safety (seatbelts) rather than banning innovation.
  • The Design Partner: Why modern crypto lawyers must help design products that earn the trust of both regulators and everyday users.


About TuongVy

TuongVy “Vy” Le is General Counsel at Veda, a crypto infrastructure company helping to make DeFi programmable and accessible for all. She has held senior legal and policy leadership roles across the crypto industry, including as General Counsel of Anchorage Digital, Partner and Head of Regulatory and Policy at Bain Capital’s crypto venture capital fund, and Deputy General Counsel and Compliance Officer at the digital identity company Worldcoin. Earlier in her career, Vy was Senior Counsel in the Enforcement Division and Chief Counsel of the Legislative Affairs Office at the U.S. Securities and Exchange Commission, advising Congress on emerging financial markets and legislation. Vy has served on the CFTC digital assets advisory committee and on the boards of multiple blockchain policy associations, and began her career at the law firm WilmerHale LLP. She is a graduate of Yale Law School and speaks and writes frequently on how emerging technology can help modernize markets, including in Bloomberg, Fortune, Law360, and CoinDesk. She co-hosts the weekly crypto legal podcast “DEX in the City.”

Links from the episode

CONNECT WITH TuongVy Le:

CONNECT WITH BUTTERSCOTCH MEDIA: