In almost any scenario, the industry faces one less category of FUD on the other side of the investigations.

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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