Welcome back to another week of What’s Next, where we report on the intersection of law and technology. Today, we have a Q&A with Fenwick & West partner Michael Dicke about SEC enforcement of digital tokens. There’s also a new report showing Tesla’s autopilot can be undone by … stickers? We also talk with Hogan Lovells’ Logan Breed about the FTC’s new Big Tech task force. All of that and more below.

Fenwick & West partner Michael Dicke.

When is a digital token a security? It has the ring of modern haiku, but it’s a serious question to securities lawyers operating on the cutting edge of the crypto-world. What’s Next caught up with Fenwick & West partner Michael Dicke, the former enforcement chief of the San Francisco regional SEC office, to tackle the question. What follows is an edited transcript of our exchange.