Show notes
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! 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage
