Tech Won't Save Us

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Crypto’s Final Boss Fight w/ Molly White

Jun 15, 2023

01:10:27

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INSIGHT

Dual Lawsuits

Both the SEC and CFTC are suing Binance, highlighting the debate over whether cryptocurrencies are securities or commodities.
A criminal lawsuit could pause these civil cases, as seen with FTX.

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INSIGHT

Coinbase vs Binance

Coinbase faces similar charges to Binance, primarily concerning unregistered securities.
However, the Coinbase case lacks fraud allegations and doesn't name CEO Brian Armstrong.

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INSIGHT

Defiant Responses

Binance and Coinbase are defiant, intending to fight the lawsuits.
Binance claims they attempted to settle, but the SEC refused.

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The SEC's Wells Notice to Binance and Coinbase

05:41 • 3min

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Binance and Coinbase: The SEC's Investigation

The SEC's Action on FTX

17:57 • 2min

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The SEC's Motion to Frozen Assets of Binance's US Entities

19:53 • 2min

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The SEC's Attempt to Freeze US Customer Funds Belonging to Binance

22:07 • 2min

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The Difference Between Process Crimes and Fraud in the Binance Case

23:46 • 4min

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The Department of Justice Is Working on a Criminal Case Against Coinbase

27:38 • 3min

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Coinbase's Ability to Continue Operating in the United States

30:23 • 2min

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Coinbase and the CFTC

32:30 • 2min

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Coinbase's Business Has Been Hit by the SEC Lawsuit

34:19 • 2min

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The SEC's Decision to Oppose Coinbase and Binance

36:48 • 3min

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Binance's Defensive Status in the US

39:58 • 4min

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The Implications of the SEC Saying Cryptocurrencies Are Securities

43:39 • 5min

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Coinbase's Position on Tokens

48:51 • 3min

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The Fallout From the Lawsuits Against Binance and Coinbase

51:23 • 3min

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San Bankman Freed and the Collapse of FTX

53:59 • 2min

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The DOJ Files to Dismiss Charges Against Do Kwan

56:23 • 3min

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Elon Musk's Lawsuit for Pumping and Dumping Dogecoin

59:21 • 2min

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The Future of Cryptocurrency Regulation

01:01:20 • 2min

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The Impact of the SEC's Lawsuits on the Crypto Industry

01:03:48 • 4min

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The Politics of Cryptocurrency

01:07:31 • 3min

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Paris Marx is joined by Molly White to discuss the Securities and Exchange Commission’s lawsuits against Binance and Coinbase and what they might mean for the future of the crypto industry.

Molly White is the creator of Web3 Is Going Just Great and a fellow at Harvard Library Innovation Lab. Follow Molly on Twitter at @molly0xFFF.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.

The podcast is produced by Eric Wickham and part of the Harbinger Media Network.

Also mentioned in this episode:

Tech Won’t Save Us was in the New York Times!
Molly wrote about the Binance and Coinbase cases for Rolling Stone. She also wrote about both cases in her newsletter.
Amy Castor and David Gerard broke down the Coinbase lawsuit.
Matt Levine has also written about the lawsuits and what it means for crypto being seen as a security.
In 2020, Forbes reported on the Tai Chi documents about Binance’s efforts to evade regulators.
Binance is also being sued by the CFTC and there are reports that criminal charges could also be coming from the Department of Justice.
Prometheum Capital registered to deal in crypto securities.
Binance recently withdrew from Canada.
Robinhood ended support for tokens the SEC listed as securities.
Crypto.com is winding down US institutional trading.
Nigeria’s SEC said Binance’s operations are illegal.
Elon Musk is being sued over manipulation of the price of Dogecoin.

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