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 β€” two of the most powerful forces in the world of cryptocurrencies β€” 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

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