Slate Daily Feed What Next: TBD | Crypto Keeps Criming
Nov 21, 2025
David Yaffe-Bellany, a tech reporter from The New York Times specializing in cryptocurrency, dives into the complexities of the crypto world. He discusses Trump’s controversial promise to halt SEC investigations, which some argue complicates regulation. The conversation explores recent findings on illicit money flow within major exchanges like Binance, alongside the challenges of quantifying crypto crime. Yaffe-Bellany also highlights how the industry's shift toward institutional players is reshaping its original goals and investor sentiment.
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Bitcoin As Crypto's Barometer
- Bitcoin acts as a bellwether for the broader crypto market and investor sentiment.
- David Yaffe-Bellany explains rising integration with traditional markets signals a new, bullish era for crypto.
Regulatory U-Turn On Crypto Enforcement
- The SEC under the prior administration aggressively sued major crypto firms over securities classification.
- Under Trump, those cases were dropped and the SEC shifted to a friendlier posture toward crypto firms.
Billions In Illicit Flows Persist
- Investigators found at least $28 billion of illicit funds flowed onto major exchanges in two years.
- That shows mainstreaming hasn't eliminated crypto's persistent criminal-usage problem.