Why the CFTC Case Against Binance Will Have Very Important Consequences for Crypto - Ep. 475

In this episode, Austin Campbell, a professor at Columbia Business School, discusses the recent allegations made by the CFTC against Binance, and whether or not criminal charges will be brought against company officers such as CEO Changpeng Zhao, or CZ, or former Chief Compliance Officer Samuel Lim. He also sheds light on how this case could shape which agency will have regulatory authority over crypto assets.

Show highlights:

what the CFTC's allegations against Binance are

whether Binance and its employees will face criminal charges

what the two most likely scenarios for Binance are, according to Austin

how regulators got so many details and so much information from CZ's phone

whether CZ is personally liable and whether the US could extradite him 

how the CFTC used the complaint to state that BTC, LTC, ETH, and some stablecoins are commodities

Why Austin believes Coinbase would be the "single biggest winner" if Binance US is shut down

how this case is going to help determine which agency has jurisdiction to regulate crypto assets

Thank you to our sponsors!

Crypto.com

Railgun DAO 

Guest
Austin Campbell, professor at Columbia Business School and Managing Partner at Zero Knowledge Consulting
Previous coverage on Unchained: Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown

Links
CFTC vs. Binance

Unchained: CFTC Sues Binance and CZ Over US Regulatory Violations

Bloomberg’s Matt Levine: The CFTC Comes for Binance

Previous coverage on Unchained: The Chopping Block: Is This the Beginning of the End for Binance?

Learn more about your ad choices. Visit megaphone.fm/adchoices