Mar 27 - 2023

Binance Crackdown! | CFTC vs. The Biggest Exchange in The World

Hot Wallet

About the Episode

A few days after the S.E.C. came after Coinbase, the Commodity Futures Trading Commission or CFTC filed a 74 Page lawsuit against Binance, CEO CZ, another executive, and other Binance companies in what they are calling “a Willfull Evasion of U.S. Law.”  The potential “WIN” for the sector in this situation is that the CFTC clearly stated in their lawsuit that Bitcoin, Ethereum, Litecoin, and at least 2 Fiat-Backed Stablecoins, Tether and BinanceUSD are all commodities, which goes against the S.E.C.’s stance on Crypto. Meanwhile, last week NASDAQ reiterated its intent to get into Digital Assets and be a trusted custodian for Investors. The ground is shifting underneath our feet. Here’s what you need to know!


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