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Inside the SEC's Enforcement-First Era — From a Former Insider

Ashley Ebersole spent his early SEC years on the distributed ledger working group. He has a vantage on the agency's crypto enforcement era that very few industry voices have.At Paris Blockchain Week 2026, he sits with David Sencil to walk through the embodiment theory courts later rejected, the asymmetric settlement pressure that forced startups to fold, and what tx is now building: the first FINRA-approved stock-token platform in the U.S.We cover:- The SEC's enforcement-first era and what it cost- The unlimited-budget settlement asymmetry- The embodiment theory and other rejected novel…

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