The U.S. Securities and Exchange Commission is in the news again after charging Terraform Labs and its co-founder Do Kwon for allegedly perpetuating a $40 billion fraud. But what's inside the complaint has sent chills through the crypto industry, as the SEC expands its policy of what should be registered as a security. Ash Bennington is joined by Jake Chervinsky, the chief policy officer at the Blockchain Association, to get his take on the story and the wider regulatory climate in Washington D.C. Plus, more questions arise about Binance and its relationship with purportedly independent Binance.US, Sony's bets on Web3, and Japan moves ahead with a digital yen CBDC.

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