SEC Cracks down on Binance Stablecoin, Qualified Custodian Rule, and CBDC's | TradFi to DeFi Community Call 2/17/2023 cover art

SEC Cracks down on Binance Stablecoin, Qualified Custodian Rule, and CBDC's | TradFi to DeFi Community Call 2/17/2023

SEC Cracks down on Binance Stablecoin, Qualified Custodian Rule, and CBDC's | TradFi to DeFi Community Call 2/17/2023

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The SEC has cracked down on Binance via Paxos, arguing that the BUSD stablecoin is a security? We discuss the recent regulatory actions, settlements, and posturing in the industry, what is Gary Gensler's plan: make the industry safer for future investors, or crush crypto while he can? And is this all just leading to CBDC's? We have a meaty discussion on the markets and regulatory affairs as that seems to be the hottest thing on our community's mind. Enjoy this recent discussion we had in the TradFi to DeFi community call. Here are some of the links from our discussion:

  • The importance of qualified custodians: https://twitter.com/TradFitoDeFi/status/1618995926483492867
  • SEC Custody Rule: https://www.sec.gov/news/statement/gensler-statement-custody-021523
  • Paxos / BUSD: https://www.coindesk.com/policy/2023/02/13/paxos-categorically-disagrees-with-sec-that-busd-is-a-security-says-it-will-litigate-if-needed/
  • Operation Chokepoint 2.0: https://www.piratewires.com/p/crypto-choke-point
  • What is a Well's Notice? https://www.investopedia.com/terms/w/wellsnotice.asp
  • How CBDC's will destroy retail banks: https://www.zerohedge.com/news/2022-11-20/davos-will-use-cbdcs-destroy-commercial-banks
  • BTC correlation versus TradFi markets: https://twitter.com/DessislavaIane2/status/1626575297830322178

This episode was recorded February 17, 2023.

What is TradFi to DeFi?
TradFi to DeFi is a community of like-minded crypto enthusiasts. We are a networking hub, project incubator, talent connector, mentorship provider, and opportunity maximizer for the DeFi user, whether new or experienced.

What is our mission?
As the world transitions from the status quo of Traditional Finance (TradFi) to the emerging world of Decentralized Finance (DeFi), there is a tremendous need for talent that can navigate this brave new world. We structured this podcast to equip you with the skills needed to understand DeFi tools while also providing opportunities for learning, networking, and professional development.

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