Bankless ROLLUP: CZ Steps Down From Binance | SEC Attacks Kraken | Argentina's Crypto President
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Nov 23, 2023 In this engaging discussion, the resignation of Binanceās CEO sends shockwaves through the crypto community. Legal battles with the SEC are heating up for both Binance and Kraken, raising questions about regulatory fairness. Meanwhile, Argentinaās new crypto-friendly president could pivot the nationās economy. A controversial Layer 2 solution called 'blast' faces skepticism, as the hosts navigate the intricate landscape of market trends, compliance, and injections of political drama into the world of cryptocurrency.
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Binance Investigation
- The Department of Justice investigated Binance for money laundering and terrorist financing since 2018.
- CZ will plead guilty, pay fines, and resign, but keep his equity.
Binance Charges
- Binance's charges relate to knowingly allowing money laundering and terrorist financing.
- The SEC isn't involved; this is about national security.
Bullish Settlement?
- David Hoffman views the DOJ settlement with Binance as bullish for crypto.
- It provides regulatory clarity and further legitimizes the industry.