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Crypto vs Capitol Hill: How Biden and the SEC are Targeting Binance, Coinbase and Ripple
🎥 Welcome back, knowledge seekers, to the Pity Rules The World channel! 🚀
YouTube: https://www.youtube.com/@PityRulesTheWorld
YouTube: https://www.youtube.com/@PityRulesTheWorld
In this episode, we dive into the high-stakes world of crypto regulation and politics. The SEC clashes with Binance and Coinbase but later forms a cautious alliance with Binance. Ripple wins a landmark case, setting a tough precedent for future SEC interventions. Political figures like Trump, DeSantis, and Kennedy Jr. are making waves in crypto, each with their unique take. As the 2024 presidential race looms, crypto isn't just an asset—it's a political tool. Will regulators adapt or be left behind? Stay tuned!
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Sources Used in this Video:
1. Binance & SEC Agreement: [CNN](https://edition.cnn.com/2023/06/18/business/binance-sec-agreement-us-assets/index.html)
2. SEC's Legal Action on Binance and Coinbase: [CoinDesk](https://www.coindesk.com/markets/2023/06/12/secs-binance-coinbase-suits-create-uncertain-future-for-listed-tokens-legal-experts/)
3. Binance US Asset Freeze Denied: [CoinDesk](https://www.coindesk.com/policy/2023/06/13/us-judge-rebuffs-sec-request-for-binanceus-asset-freeze-for-now/)
4. Ron DeSantis & Crypto: [CoinTelegraph](https://cointelegraph.com/news/is-ron-desantis-good-for-crypto-republican-makes-bitcoin-part-of-campaign)
5. Trump's Crypto Holdings: [Unlock-BC](https://www.unlock-bc.com/104877/trumps-latest-disclosure-unveils-nft-income-and-crypto-holdings/) + [Forbes](https://www.forbes.com/sites/zacheverson/2023/08/11/donald-trump-is-invested-in-cryptocurrency/?sh=403fae893910)
6. RFK Jr & Capital Gains Tax: [CoinDesk](https://www.coindesk.com/policy/2023/07/19/us-presidential-candidate-rfk-jr-vows-to-exempt-crypto-from-capital-gains-tax-if-elected/)
7. Ripple SEC Case: [CoinDesk](https://www.coindesk.com/policy/2023/07/13/sale-of-xrp-on-exchanges-not-investment-contracts-court-rules-in-sec-case-against-ripple/#:~:text=Institutional%20sales%20of%20the%20tokens,did%20not%2C%20a%20court%20ruled.&text=Ripple%20scored%20a%20partial%20win,clarity%20for%20the%20crypto%20industry)
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