THE HASH: CFTC Sues Binance and CEO 'CZ'; Twitter Hunts GitHub User Who Posted Source Code Online
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 27 March 2023
⏱️ 23 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Monday, March 27, 2023.
"The Hash" tackles today's hot topics: Binance and CEO Changpeng “CZ” Zhao are sued by the Commodity Futures Trading Commission for regulatory violations. The G-7 is planning to toughen global crypto regulations. Twitter is on a manhunt for the person responsible for leaking its source code on GitHub. Plus, Gucci is doubling down on its push into the metaverse with a new partnership with Yuga Labs.
See also:
CFTC Sues Binance, CZ Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products
Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance Suit
Gucci and Yuga Labs Are Bringing High Fashion to the Otherside
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This episode has been edited by Jonas Huck. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus.
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.0 | Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more. |
| 0:15.6 | All on the hash for your ears. |
| 0:19.0 | You're listening to the Coin Desk Podcast Network. |
| 0:23.1 | Hello and welcome to CoinDest TV. |
| 0:25.4 | Happy Monday. |
| 0:26.8 | You're watching The Hash. |
| 0:27.8 | I'm Zach Seward. |
| 0:28.6 | That's Jensenassie and Will Foxley. |
| 0:30.5 | We're going to race you through today's news because there's a lot of it. |
| 0:33.7 | Let's do this thing. |
| 0:34.4 | I'm tossing to myself. |
| 0:35.7 | A little bit of breaking news. Binance is being sued by |
| 0:38.0 | the CFTC over the willful evasion of U.S. laws. Pretty big bombshell dropped on Binance this |
| 0:44.3 | morning. Bitcoin's price tanked precipitously about $1,000 after the news broke. And this |
| 0:50.2 | potentially has some ramifications. CFTC is alleging that Binance urged US users to use |
| 0:55.8 | a VPN to access Binance.com services when otherwise they should have been prevented from doing so, |
| 1:01.3 | among other allegations. This, I guess, continues a trend of regulatory crackdown ramping up in |
| 1:07.9 | these recent months. And certainly there's been a big target on Binances back. |
| 1:11.8 | So to see this action out of this CFTC, it's not necessarily unexpected, but is certainly |
| 1:16.7 | a big action that has been taken by US regulators. I got to toss this one straight to Jen. |
| 1:22.2 | Jen, what do you think of this one? Well, it's so funny in this industry how we just get little |
... |
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