🛑Stopping Gary Gensler & Binance DOJ Settlement Recap
Congressman Tom Emmer joins me to discuss the fight against Gary Gensler and Elizabeth Warren. Plus a recap of the Binance DOJ settlement.
Hi Everyone,
What a wild week it has been for the crypto market. Yesterday the news broke of Binance’s settlement with the DOJ. Here is a run down of the details:
Binance CEO CZ plead guilty to charges brought by the DOJ
CZ steps down as the CEO of Binance and the new CEO will be Richard Teng who was the company’s Global Head of Regional Markets
CZ will pay a $50 million fine and must stay away from Binance’s operations for 3 years from the agreed upon start date
CZ will remain the majority shareholder of the company
Binance will pay the $4.3 billion fine, will start with an immediate $1.8 Billion payment and then have 15 months to payoff the rest
CZ tweeted about the situation yesterday and did state the following:
CZ was a great leader in the crypto space and this is the end of an era.
Here is my interview with Congressman Tom Emmer who is the Majority Whip in the House. We discuss:
DOJ Binance settlement
SEC enforcement action against Kraken exchange
Amendment to prevent tax payers funds being used in SEC Crypto enforcement actions
Stopping Gary Gensler & Elizabeth Warren's anti Crypto agenda
Crypto Bills in the House
Bi-partisan letter to Biden Administration regarding Hamas’s digital asset fundraising campaign.
Stablecoin Regulation and CBDCs
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