Michael Dawson

Michael Dawson, a partner at WilmerHale specializing in financial compliance, and Dorothy DeWitt, founder of Tolt Strategies and former CFTC director, dive into Binance's recent $4.3 billion settlement with the U.S. government. They discuss the role of compliance monitors, why they were deemed necessary, and how this impacts the broader crypto landscape. The pair also explore challenges faced by Binance in complying with U.S. regulations and the potential ripple effect of increased monitorships across the industry.