On The Brink with Castle Island
Weekly Roundup 12/01/23 (SEC v Binance, Treasury letter to Congress) (EP.479)
Dec 1, 2023
The podcast covers topics such as the SEC's investigation into Binance US, in-kind versus cash creations for ETFs, the FDIC scandal, the future of GBTC, Elizabeth Warren's criticism of Subway, and the influence of Gary Gensler. They also discuss recent fundraising deals, legal issues with Binance, inflation and corporate greed, the artificial smell of Subway stores, and frustrations with the SEC regarding Bitcoin ETFs.
42:16
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Quick takeaways
- Binance is under investigation by the SEC for potential fraud and mishandling of user funds.
- The SEC is scrutinizing BlackRock's proposed Bitcoin ETF, particularly the in-kind creation process.
Deep dives
Binance faces SEC investigation
Binance is being investigated by the SEC for potential fraud and insider dealing. The SEC is looking into allegations of a crypto Ponzi scheme and the mishandling of user funds. The investigation is ongoing and may result in further actions against the exchange.
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