💰 Spendy… The SEC says a biz controlled by Binance CEO Changpeng "CZ" Zhao sent $132M to Binance.US last year as it lost $181M. Binance says Binance.US is independent, a claim Binance.US's now former CEO disputed.
🌶️ Spicy… SEC Chair Gary Gensler said there’s no need for new digital currencies as existing currencies like the US dollar suffice. He’s on a PR tour after his agency accused Binance and Coinbase of operating illegally.
📸 Flashy… South Korean prosecutors say Do Kwon could spend his life in jail. The founder of the infamous terraUSD algo stablecoin (picture: $40B investor value wiped out) was arrested in Montenegro after insisting he was not on the run.
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