Weekly Roundup 02/17/23 (BUSD Wells notice, Howey vs Reves, the SEC’s custody guidance) (EP.397)

Matt and Nic return for another week of news and deals. In this episode: 

• Is peak FUD in?
• Is this the ‘custody rule rally’?
• OTB is keeping the deals of the week
• House is probing the connections between FTX and the SEC
• SBF is banned from using a VPN
• Is SBF a secret sports fan?
• SBF’s bail cosigners are unmasked
• SBF VC investors are hit with a class action lawsuit
• SEC sends Paxos a Wells notice
• Circle dispells Wells notice rumors
• Is the SEC going after all stablecoins or just BUSD?
• What does Reves say about stablecoins being securities?
• Tether is the beneficiary of the crackdowns in the US
• Can US regulators really go after Tether?
• How Paypal deposits are like stablecoins
• What’s in the SEC’s custody rules?
• Changes to market structure if the SEC’s custody rules go through
• Binance suggests that they are ready to settle up with US regulators