It's not clear that Binance US customer funds are all as carefully segregated as they ought to be. And so I wonder, to some extent, how much the SEC can properly freeze those assets when they're not actually segregated in US bank accounts or whatever. It seems like there's kind of a mess happening over there on the accounting department. But it is at least an attempt to try to protect assets belonging to US consumers.
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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