“Good Reason to Worry” What the BitMEX Indictment Means for DeFi and Bitcoin

Today on the Brief:

• Market reaction to Pres.Trump contracting COVID-19
• Subpar September jobs report
• Decentralized exchanges have third straight 100%+ growth month 

 

Our main discussion features Stephen Palley and Preston Byrne of Anderson Kill. 

Yesterday, BitMEX was targeted with both civil and criminal complaints, with the CTO being arrested for violation of the Bank Secrecy Act. 

In this conversation, NLW talks to two crypto legal experts to discuss:

• The specifics of the charges
• How long this investigation has been in the works 
• Whether there was anything surprising to legal experts
• Why the criminal complaints represent an escalation of enforcement 
• Whether there are implications for other industry areas, particularly decentralized finance 

Find our guests online:

Stephen Palley: @stephendpalley

Preston Byrne: @prestonjbyrne

Anderson Kill: andersonkill.com