I'm Nichole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab.

Alright, let's take a moment to acknowledge just how quiet the crypto world has been lately.

And thank god for that, we really needed a break because the last two big crypto headlines

were bad news.

FTX fell, Sandbingman Freed was arrested, Celsius filed for bankruptcy, Terry USD went to zero,

bad, bad, bad and worse.

But were we surprised by any of this?

I mean, I wasn't.

I hate to say I told you so to anyone except crypto bros.

If we're talking crypto bros, I don't hate dunking on them.

In my latest merch drop, I made a sweatshirt saying,

I'm just so cold, crypto bros, and I'm literally wearing one right now, so yeah, I don't hate it.

Anyway, after this domino effect of crypto madness, the Web 3 water has got kinda still for a minute.

Crypto even had a little boost during the banking crisis in March when SVB, Signature Bank and First Republic imploded.

However, not all good things can last, especially when it comes to crypto, and the dark clouds are back on the horizon.

Yesterday, the SEC announced its suing Binance, the world's largest crypto exchange, and the company CEO, Shang Penjao,

also known just as CZ, with 13 counts of securities violations.

The SEC is alleging that Binance and CZ intentionally lured US customers to join its unregulated international exchange,

propped up the price of crypto assets, co-mingled billions of investor funds with their own money,

and sent those co-mingled funds to a European company controlled by CZ called Merit Peak Limited.

After the lawsuit was announced, SEC chair Gary Gensler stated,

...