DEX in the City: Why the Binance Case Against the WSJ ‘Is Probably Not a Winner’

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 19 March 2026

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The crew unpacks the Binance case against the Wall Street Journal. Is the lawsuit just for optics? Plus, why crypto can't turn a blind eye to one Aave user's $50 million loss. Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/unchained Binance has sued the Wall Street Journal for defamation over a report that money has flowed from its platform to the Islamic Revolutionary Guard Corp. DEX in the City hosts Katherine Kirkpatrick Bos and Jessi Brooks are joined by Arktouros Partner Jane Khodarkovsky to discuss the sanctions implications of the story, what is at stake in the lawsuit and the burden of proof on Binance. Is Binance fighting a losing battle? And could the case backfire amid a parallel DOJ investigation? Beyond the Binance case, the crew unpacks recent efforts by the CFTC and SEC to provide crypto with regulatory clarity. Find out why KK says the CFTC's recent prediction markets guidance is a “nothingburger” and why a no-action letter to Phantom is not a carte blanche for all crypto frontends. Plus, is it time for crypto to consider best execution rules as an Aave user loses $50 million in a DeFi swap gone wrong? Hosts: ⁠⁠⁠⁠⁠Jessi Brooks⁠⁠⁠⁠⁠, General Counsel at Ribbit Capital ⁠⁠⁠⁠Katherine Kirkpatrick Bos⁠⁠⁠⁠, General Counsel at StarkWare Guest: Jane Khodarkovsky, Sanctions expert Links: Unchained: CFTC Moves to Rein In Prediction Markets as Industry Booms SEC and CFTC Move Toward Unified Crypto Rules Dueling Post-Mortems Reveal How a $50 Million DeFi Swap Went From Bad to Catastrophic Vy Le's paper on on-chain best execution: Fairness by Design: Verifiable Execution in On-Chain Markets This week's good news: Tech boss uses ChatGPT to create cancer vaccine to save dying dog Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	When the tax year ends on the 5th of April, valuable tax allowances may be lost simply because people left things too late.
0:08.0	Thankfully, Vanguard is here to help you make well-consider decisions, not rushed ones.
0:14.0	Their tax year-end hub is full of clear guidance, helpful tools and timely reminders to help you understand your allowances and give your
0:21.9	investments the best chance to grow. Search Vanguard investor to learn more. When investing, your capital is at risk.
0:28.4	Tax rules apply. Hi all and welcome to Decks in the City where the wallets are cold and the takes are
0:35.5	hot. We're going to get to it in a minute.
0:38.1	But before we continue, here's a word from our sponsors that make the show possible.
0:43.5	This episode is brought to you by Adaptive Security, the first cybersecurity company, backed by OpenA.I.
0:50.9	As AI makes deep fakes and synthetic identities easier than ever, Adaptive helps
0:56.3	companies test and strengthen their defenses. Learn more at Adaptivesecurity.com.
1:02.1	Quick note before we get into today's episode. Bits and Bits Now has its dedicated feed. We're
1:07.0	spinning off from the unchained feed and moving to a new podcast and YouTube channel.
1:10.9	So if you want to keep up with our weekly live streams and macro meets crypto breakdowns,
1:15.0	make sure to subscribe to Bits and Bips directly.
1:17.4	We won't publish there until March, but subscribe today so you can be ready for launch.
1:21.2	Be sure to subscribe to the new feeds at Unchained Crypto.com slash Bips and and bits. Hi everybody and welcome back and happy St. Patrick's Day. I'm pinching
1:34.2	Jesse across the screen for not wearing green, but we'll forget her. I celebrated it in Chicago,
1:39.4	which is like the ultimate place to do it with all the children. Bucket list. Go watch the river get dyed green, but make sure you leave the city by
1:49.8	about noon. Otherwise, you'll be overwhelmed by drug people. Exactly. So yes, first we have
1:58.7	Jesse, Web3 prosecutor turned Web3 protector and wearer of not green today.
2:04.8	Well, you're going to have to teach everyone what St. Patrick's Day is about, because I think 90% of the people celebrating did not know.
2:11.8	If we have time at the end, I will go into historical depth on that.
	...

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