The SEC filed two lawsuits this week against crypto giants Binance and Coinbase. What does this mean for the industry?

My latest, in Rolling Stone. https://www.rollingstone.com/culture/culture-features/binance-coinbase-sec-investigation-crypto-1234768202/

Binance, Coinbase Under SEC Investigation. Can Crypto Survive?

The SEC filed lawsuits against two of the world’s largest cryptocurrency exchanges — and it could mean big changes for a vast and unregulated marketplace

Rolling Stone
@molly0xfff Every time I see Binance I read it as Beyoncé, and about the time I start thinking “what’s going on with Beyoncé“ I realize that I have mis-read it.
@molly0xfff Glad to see this in Rolling Stone, instead of more BAYC hype. Well written and worth the read.
@molly0xfff I’m really hoping the answer to your question in the headline is “no.”
@molly0xfff it’s so weird that there even is a “crypto industry”. Decentralization was supposed to mean everybody ran their own client, not everyone makes an account at what amounts to a bank
@molly0xfff "My latest, in Rolling Stone." How awesome is it to be able to say that?? 😂
@molly0xfff the crypto industry had a full decade of wildly unregulated securities trading. This regulation should have happened years ago. A lot of people lost big betting on token scams.
@molly0xfff Rolling Stone?? That’s so cool!