Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner, chop it up about the latest news. In this episode, the Blockchain Association’s Jake Chervinsky breaks down the cases against Binance and Coinbase – and how they are different from FTX – what it means for the crypto industry, and who may be next.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights:

  • Why Jake believes that the Binance lawsuit didn’t present major surprises
  • Whether the SEC is trying to ban the crypto industry by enforcement
  • How Binance has been allegedly doing a huge amount of wash trading
  • Whether Gemini is next on the SEC’s enforcement action list
  • How CZ and Brian Armstrong have responded to the complaints
  • How the market reacted to the lawsuits
  • What the differences are between the Binance case and FTX
  • Why the SEC is alleging that Coinbase is operating as an unregistered broker, exchange, and clearing agency
  • Whether token issuers can bring action against the SEC for harming their business or reputation
  • Whether the crypto industry doesn’t take the SEC seriously
  • Whether the EOS settlement in 2019 shows how inconsistent the SEC has been in its crypto enforcement actions
  • Whether these cases will have an impact in Congress and accelerate legislation
  • What would happen if Gary Gensler stops being the chair of the SEC