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Binance And CZ's Shocking Guilty Plea - What It Means For Crypto's Future!

The Wolf Of All Streets

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Government Appoints Independent Monitor for Binance

The chapter discusses the significance of the independent monitor that will be appointed by the government in relation to Binance and their operations. The monitor, who will be a private citizen with experience in exchanges and crypto, will regulate and control the rollout of new products and prevent the introduction of high leverage and derivative products. The chapter also compares the punishment given to Binance with past cases involving big banks and highlights the similarity in treatment between the crypto industry and the traditional Wall Street industry.

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