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The Breakdown, With NLW

Why the DOJ, IRS Investigation Into Binance Could Be Good for Bitcoin

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

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On this episode

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.

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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

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