SEC Cracks down on Binance Stablecoin, Qualified Custodian Rule, and CBDC's | TradFi to DeFi Community Call 2/17/2023

The SEC has cracked down on Binance via Paxos, arguing that the BUSD stablecoin is a security? We discuss the recent regulatory actions, settlements, and posturing in the industry, what is Gary Gensler's plan: make the industry safer for future investors, or crush crypto while he can? And is this all just leading to CBDC's? We have a meaty discussion on the markets and regulatory affairs as that seems to be the hottest thing on our community's mind. Enjoy this recent discussion we had in the TradFi to DeFi community call. Here are some of the links from our discussion: 

• The importance of qualified custodians: https://twitter.com/TradFitoDeFi/status/1618995926483492867
• SEC Custody Rule: https://www.sec.gov/news/statement/gensler-statement-custody-021523
• Paxos / BUSD: https://www.coindesk.com/policy/2023/02/13/paxos-categorically-disagrees-with-sec-that-busd-is-a-security-says-it-will-litigate-if-needed/
• Operation Chokepoint 2.0: https://www.piratewires.com/p/crypto-choke-point
• What is a Well's Notice? https://www.investopedia.com/terms/w/wellsnotice.asp
• How CBDC's will destroy retail banks: https://www.zerohedge.com/news/2022-11-20/davos-will-use-cbdcs-destroy-commercial-banks
• BTC correlation versus TradFi markets: https://twitter.com/DessislavaIane2/status/1626575297830322178

This episode was recorded February 17, 2023.

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