REGULATION

(Binance of course had Compliance officers but their job was not complying, and they knew it, and they wrote down some really excellent quotes. On-shore crypto players… well, they have a risk tolerance, but it was truly less than that.)

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c.f. https://
wsj.com/finance/regula
tion/binance-world-liberty-financial-crypto-deals-70c817c3
… and the broader lobbying push generally, whose aim is not to get crypto clarity but to craft a regime where it gets to do basically whatever it wants with a minimum of throat clearing and tugs of the cap

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Binance was nominated as the sin-eater by the onshore crypto advocates, distinguished from their own “We have Compliance departments and just seek regulatory clarity” ways, and it will be interesting to see whether they go along with “actually, you know, they never did wrong.”

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