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Why the CFTC Case Against Binance Will Have Very Important Consequences for Crypto - Ep. 475

Why the CFTC Case Against Binance Will Have Very Important Consequences for Crypto - Ep. 475

FromUnchained


Why the CFTC Case Against Binance Will Have Very Important Consequences for Crypto - Ep. 475

FromUnchained

ratings:
Length:
44 minutes
Released:
Mar 31, 2023
Format:
Podcast episode

Description

In this episode, Austin Campbell, a professor at Columbia Business School, discusses the recent allegations made by the CFTC against Binance, and whether or not criminal charges will be brought against company officers such as CEO Changpeng Zhao, or CZ, or former Chief Compliance Officer Samuel Lim. He also sheds light on how this case could shape which agency will have regulatory authority over crypto assets.

Show highlights:

what the CFTC's allegations against Binance are

whether Binance and its employees will face criminal charges

what the two most likely scenarios for Binance are, according to Austin

how regulators got so many details and so much information from CZ's phone

whether CZ is personally liable and whether the US could extradite him 

how the CFTC used the complaint to state that BTC, LTC, ETH, and some stablecoins are commodities

Why Austin believes Coinbase would be the "single biggest winner" if Binance US is shut down

how this case is going to help determine which agency has jurisdiction to regulate crypto assets

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Guest
Austin Campbell, professor at Columbia Business School and Managing Partner at Zero Knowledge Consulting
Previous coverage on Unchained: Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown

Links
CFTC vs. Binance


Unchained: CFTC Sues Binance and CZ Over US Regulatory Violations


Bloomberg’s Matt Levine: The CFTC Comes for Binance


Previous coverage on Unchained: The Chopping Block: Is This the Beginning of the End for Binance?



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Released:
Mar 31, 2023
Format:
Podcast episode

Titles in the series (100)

Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.