Molly WhiteApr 26, 2023

binance going with the classic "we were just moving fast and breaking things!" defense

via https://nytimes.com/2023/04/26/technology/binance-crypto-crackdown.html

Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies

The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.

The New York Times
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@molly0xfff Honestly, this "but everyone else in crypto does it too!" defense feels like a very validating juxtaposition against Gensler's recent statements of "the entire industry is willfully noncompliant."
Apr 26, 2023 at 6:03pmWeb