Crypto vs. SEC: The Crackdown on Coinbase & Binance

The Securities and Exchange Commission (SEC) is cracking down once again on crypto exchanges. Early last week, the SEC took aim at Binance and Coinbase — two of the most powerful forces in the world of cryptocurrencies — for allegedly breaching its rules.

 

In this episode, Dylan unpacks the cases against Binance and Coinbase and what their outcome could mean for the crypto sector.

 

Show Highlights

 

• [01:42] A recap of why the crypto exchange FTX went bankrupt

• [04:26] Whether crypto passes the Howey Test

• [08:21] What it means to trade

• [12:46] Why the SEC is suing Coinbase and Binance

• [14:49] The similarities between FTX and Binance

• [16:31] What is Binance’s Sigma Chain?

• [20:45] What is happening to Coinbase and Binance now?

• [22:59] On the SEC’s apparent hostility to cryptocurrencies in general

• [25:37] Why forcing crypto exchanges into the regulatory framework might not be a good idea

 

Links and Resources

 

🟢 Thank You to Patrick Boyle (Youtube.com/@PBoyle) and Richard Coffin (Youtube.com/@ThePlainBagel) for their excellent work on this topic!

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