There are allegations in both lawsuits around just the quality of attempts at making sure that US customers were really segregated to this US exchange. It looks like, so that is a part of why in the FTX case, FTX US customers are waiting in line with everybody else to receive some portion of their assets back as the bankruptcy case proceeds. Had they been properly segregated, had the SEC and other regulators really cracked down on this, that might not have been an issue.
Paris Marx is joined by Molly White to discuss the Securities and Exchange Commission’s lawsuits against Binance and Coinbase and what they might mean for the future of the crypto industry.
Molly White is the creator of Web3 Is Going Just Great and a fellow at Harvard Library Innovation Lab. Follow Molly on Twitter at @molly0xFFF.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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