BREAKDOWN: Why the DOJ, IRS Investigation Into Binance Could Be Good for Bitcoin

In almost any scenario, the industry faces one less category of FUD on the other side of the investigations.

This episode is sponsored by Nexo.io and Bitstamp.

Today on the Brief:

More chaos from Elon MuskHedge funds moving into DeFi?Tether reserve attestations

Our main discussion looks at recent revelations of investigations by the Department of Justice and the Internal Revenue Service around Binance. NLW breaks down:

What we know about who is involvedWhy the sound bite seems worse than the real storyWhy each possible outcome leads the Bitcoin industry to a better place 

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Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) 

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Image credit: Akio Kon/Bloomberg/Getty Images

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