4min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E132: SEC goes after crypto giants, Sequoia splits, LIV/PGA, Messi's deal + LIVE Q&A!

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Sec's Action on Cryptocurrency

Binance is accused of taking customer deposits. Maybe not stealing them but commingling them with company funds That should be looked at and I think Crypto customers should be protected against that. However, the case against coinbase, they're alleging a completely different set of facts which is effectively what gens are in the sec are saying. The question is why is gensler going this far when previously he had relationships in the industry apparently He was a consultant to finance and even worse he was talking to ftx about giving them some special status. It's clear Gensler and elizabeth warren have an alliance It to destroy crypto in the u.s. Why as a free people?

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