We Study Billionaires - The Investor’s Podcast Network BTC159: Binance, GBTC, FinCEN and More w/ Joe Carlasare & HODL (Bitcoin Podcast)
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Dec 6, 2023 
Joe Carlasare, a legal expert in cryptocurrency, teams up with American HODL, a Bitcoin OG, to dive into the latest happenings in the Bitcoin world. They discuss the potential legal troubles facing Binance and its CEO, and the impact of ongoing investigations on retail and institutional investors. The conversation also touches on the role of regulations in Bitcoin's evolution, the challenges of Bitcoin ETFs, and the importance of legal awareness in navigating the rapidly shifting landscape of digital currencies.
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Binance DOJ Investigation
- The Department of Justice likely greenlit the SEC and CFTC lawsuits against Binance after securing a plea deal.
- This explains the unusual timing of civil charges preceding criminal ones.
Binance & Terrorist Financing
- A Binance employee texted, "LOL, bro, we are literally financing terrorists" on Signal.
- This message, revealed in the CFTC complaint, suggests Binance knowingly facilitated illicit transactions.
FinCEN Proposal & Senator Warren's Letter
- Senator Warren's letter, citing inflated figures of crypto use by Hamas, prompted a FinCEN proposal.
- This proposal's broad language could classify various Bitcoin activities as money transmission.