
The Latest Spin on 'Signalgate.' Plus, a Crypto President is Born.
On the Media
Changpeng Zhao and the Crypto Conundrum
This chapter explores the legal challenges faced by Changpeng Zhao, the former CEO of Binance, including allegations of money laundering and the significant penalties his company incurred. It discusses the broader implications of the cryptocurrency industry's relationship with government regulation, particularly under the Trump administration, and the potential risks posed to consumers. Additionally, the chapter examines the shift from a libertarian crypto ethos to seeking support from traditional financial institutions, amid concerns over financial crime and regulatory loopholes.
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