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We Study Billionaires - The Investor’s Podcast Network
BTC159: Binance, GBTC, FinCEN and More w/ Joe Carlasare & HODL (Bitcoin Podcast)
Dec 6, 2023
01:28:35
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Joe Carlasare and Hodl discuss the legal consequences for the Binance CEO, individual rights and liberty in the US, advocating for Bitcoin, recent crypto events, implications of a billionaire's plea, high transaction fees in Bitcoin, investors' psychology, fraud in the crypto industry, and excitement for the future.
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Quick takeaways
- Binance CEO's potential jail sentence and the FinCEN proposal create uncertainty in the cryptocurrency industry.
- Grayscale's meeting with the SEC regarding the conversion of Bitcoin Trust into an ETF could give them an advantage.
Deep dives
Binance CEO's potential jail sentence and FinCEN proposal
The podcast episode discusses the Binance CEO's potential jail sentence and the massive FinCEN proposal. It mentions that the Justice Department's split over charging Binance could be due to additional investigation needed. The podcast also highlights the back-to-back lawsuits filed against Binance and Coinbase and the confusion surrounding their timing. The allegations include aiding and abetting funds transferred to terrorists and knowingly engaging in money laundering. It is mentioned that CZ voluntarily came to the United States and pleaded guilty, which could potentially lead to a lenient sentence. The episode also touches on Elizabeth Warren's letter to the president and the ambiguity and potential consequences of the FinCEN proposal.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode