DeFi Lunch (Ep 349) - June 5, 2023 - CZ Sued by SEC

Mission: DeFi

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gabrielShapir0 on Twitter: "okay, as promised, here is my long/stream-of-consciousnessy thread on the proposed crypto market structure bill CAVEAT: this is one of the most of complex & ambitious financial laws ever written. I might miss stuff. I am paraphrasing some things for ease of readability. ( https://twitter.com/lex_node/status/1665693527735517184?s=20 )

Justin Slaughter on Twitter: "Its Friday night, the kids are in bed, the biggest piece of crypto legislation for this year has dropped—the McHenry-Thompson bill on market structure— so lets get this party started. Here’s a deep dive into the bill’s contents. ( https://twitter.com/JBSDC/status/1664791786038935552?s=20 )

CZ 🔶 Binance on Twitter: "4. Our team is all standing by, ensuring systems are stable, including withdrawals, and deposits. We will issue a response once we see the complaint. Havent seen it yet. Media gets the info before we do. 🙏" / Twitter ( https://twitter.com/cz_binance/status/1665742100845961217?s=20 )

Atomic Wallet exploited, users report loss of entire portfolios ( https://cointelegraph.com/news/atomic-wallet-exploited-users-report-loss-of-entire-portfolios )

US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC ( https://cointelegraph.com/news/us-lawmakers-aim-for-crypto-regulatory-clarity-with-proposed-bill-putting-the-screws-to-sec )

SEC files 13 charges against Binance and founder CZ - MarketWatch ( https://www.marketwatch.com/story/sec-files-13-charges-against-binance-and-founder-cz-55864243 )

Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange ( https://finance.yahoo.com/news/binance-hands-rising-star-teng-090307107.html?fr=sycsrp_catchall )

SEC vs Binance complaint (2023.03.27 FINAL TO FILE) ( https://storage.courtlistener.com/recap/gov.uscourts.ilnd.431767/gov.uscourts.ilnd.431767.1.0_1.pdf )

CFPB warns about storing funds in payment apps like PayPal, Venmo | CNN Business ( https://www.cnn.com/2023/06/02/investing/payment-apps-safety/ )

SEC Sues Crypto Exchange Binance, CEO Changpeng Zhao ( https://www.coindesk.com/policy/2023/06/05/sec-sues-crypto-exchange-binance-ceo-changpeng-zhao/?utm_campaign=coindesk_main&utm_term=organic&utm_source=twitter&utm_content=editorial&utm_medium=social )

A 162-page bill would give the CFTC big chunks of US crypto markets. Here’s what else is in it – DL News ( https://www.dlnews.com/articles/regulation/house-bill-would-give-cftc-chunks-of-crypto-and-spot-markets/ )

SEC v Binance (4).pdf | DocDroid ( https://www.docdroid.net/I02zzqT/sec-v-binance-4-pdf )

Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more.

This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.

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