The SEC is suing Binance due to blatant disregard of federal securities laws. The complaint alleges that the defendants have enriched themselves by billions of dollars while placing investors assets at significant risk. SCC also alleges that CZ exercise control over the platform's customers assets, permitting them to co-mingle customer assets or divert customer assets as they please.
Today Gary Gensler and the SEC officially filed lawsuits against crypto exchanges Binance and Coinbase. We break it all down and share some hot takes on what this means for the crypto industry as a whole.
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🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ------ CHAPTERS 0:40 Is This Lawsuit a Surprise? 2:35 Is This Lawsuit a Suprise? 8:41 An Attack On Crypto 12:05 The 4 Big Questions 17:06 Gary's Public Statements 22:20 SEC Charges Overview 27:47 Analysis on Coinbase 30:31 Brian Armstrong's Take 32:58 The Case Against Binance 38:08 David's Take on All of This 43:38 What "Securities" Are Effected? 48:41 News Price Impact 53:35 Where Does Solana Stand? 57:39 Is ETH The Next Target? 1:02:17 Does Anybody Actually Want This? 1:05:15 Twitter Takes 1:09:08 Gary's Icarus Moment? 1:11:10 Closing Thoughts
------ Resources:
Binance Sued https://twitter.com/BanklessHQ/status/1665744014081941506?s=20
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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