TL;DR
-
Regulatory bodies like the U.S. Department of Justice, have apparently been conducting an investigation into Binance and its CEO, Changpeng Zhao (aka CZ), for yeeears.
-
We found out, just a few hours ago that CZ plans to plead guilty to violating criminal U.S. anti-money-laundering requirements, when he appears in court next Tuesday.
-
…but the markets seem to be handling well (for now).
Full Story
Wow. Ok.
That headline ain’t great!
Yet somehow, as of this writing, the market hasn’t really reacted. Which begs the question…
Did we just dodge a Black Swan event?
For those of you playing at home, here’s what you’ve missed:
Over the past year or so, there’s been a knot of fear sitting in the crypto space’s proverbial stomach – a fear that something bad might happen to Binance (the world’s largest crypto exchange).
Something very ‘FTX-y’…
But as more and more time passed without any incident, the fear of internal threats to Binance’s business slowly began to subside…at which point, everyone turned their worries to potential external threats.
(Specifically from regulatory bodies).
Regulatory bodies like the U.S. Department of Justice, which had apparently been conducting an investigation into Binance and its CEO, Changpeng Zhao (aka CZ), for yeeears.
Here’s what we found out, just a few hours ago:
-
CZ plans to plead guilty to violating criminal U.S. anti-money-laundering requirements, when he appears in court next Tuesday.
-
He has apparently agreed to step down as CEO of Binance
-
Binance will pay $4.3 billion in fines
-
This would potentially allow the exchange to keep operating in the US
As we said at the top: this ain’t great news!
…but the markets seem to be handling well (for now).
We’re not sure why, but if we had to make guess – it’d go like this:
The headlines are reading ‘settlement,’ not ‘loss at trial.’
And the markets are pretty well attuned to crypto companies settling with US regulatory bodies at this point.
Let’s hope things stay that way!
I have been reading out some of your stories and i must say clever stuff. I will surely bookmark your website.
you are in reality a excellent webmaster. The site loading pace is incredible. It kind of feels that you are doing any unique trick. Furthermore, The contents are masterwork. you’ve done a wonderful process in this subject!
WONDERFUL Post.thanks for share..more wait .. …
Only wanna state that this is very helpful, Thanks for taking your time to write this.
My husband and i felt quite excited when Chris managed to carry out his survey while using the ideas he got in your weblog. It’s not at all simplistic just to continually be releasing tricks which people today might have been selling. We really fully understand we have got the writer to give thanks to for this. The main illustrations you have made, the simple website navigation, the friendships you can help to promote – it’s everything fantastic, and it’s really letting our son in addition to the family feel that the subject matter is brilliant, which is certainly highly mandatory. Many thanks for all the pieces!
buy cheap clomid price where can i buy clomiphene without dr prescription can i order clomiphene without a prescription order generic clomiphene for sale can i purchase cheap clomid without rx buy clomiphene no prescription where buy clomid price