What Next | Daily News and Analysis TBD | Crypto Keeps Criming
9 snips
Nov 21, 2025 
In this discussion, David Yaffe-Bellany, a tech reporter for The New York Times, unpacks the ongoing struggles within the cryptocurrency industry. He delves into illicit cash flows, highlighting an alarming $28 billion surge onto exchanges. The conversation also examines Trump's controversial decisions regarding crypto investigations and the implications for platforms like Binance. Yaffe-Bellany emphasizes the waning decentralization in crypto as main finance industries take over, while investor sentiment remains surprisingly optimistic despite past volatility.
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Bitcoin Is Crypto's Barometer
- Bitcoin serves as a bellwether for the broader crypto industry's health and market cycles.
- David Yaffe-Bellany notes current bull-market integration with traditional finance despite recent price dips.
Regulatory Posture Reversed Quickly
- The SEC treated many crypto tokens as securities, sparking major lawsuits under the prior administration.
- Trump promised to end that enforcement stance and the cases were largely dropped after his inauguration.
Billions Of Dirty Dollars Flowed In
- An ICIJ-New York Times project found at least $28 billion in criminal-linked funds flowed onto crypto exchanges in two years.
- David Yaffe-Bellany emphasizes that exchanges remain channels for scammers, traffickers, and terrorist funds.