In almost any scenario, the industry faces one less category of FUD on the other side of the investigations.
This episode is sponsored by Nexo.io and Bitstamp.
Today on the Brief:
- More chaos from Elon Musk
- Hedge funds moving into DeFi?
- Tether reserve attestations
Our main discussion looks at recent revelations of investigations by the Department of Justice and the Internal Revenue Service around Binance. NLW breaks down:
- What we know about who is involved
- Why the sound bite seems worse than the real story
- Why each possible outcome leads the Bitcoin industry to a better place
See also: DOJ, IRS Investigating Crypto Exchange Binance: Report
Image credit: Akio Kon/Bloomberg/Getty Images