Month: December 2023

Posted on

CoinDesk Podcast Network - UNCHAINED: How Binance Will Open All Its Activity to the U.S. Government

Experts Dorothy DeWitt and Michael Dawson discuss the implications, challenges, and potential outcomes of Binance's compliance monitorship. 


The record $4.3 billion settlement reached between Binance and the U.S. government over charges of money laundering and sanctions violations calls for the world's largest crypto exchange to maintain an independent compliance monitor for the next five years. Michael Dawson, a partner at WilmerHale, and Dorothy DeWitt, founder and CEO of Tolt Strategies, a former director at the CFTC and former general counsel at Coinbase, dissect the intricacies of this arrangement, delving into the roles and responsibilities of the compliance monitor, the potential impact on Binance's operations and the broader implications for the crypto industry.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights:

  • What exactly is a compliance monitor, and why it's essential in the Binance settlement 
  • Which regulatory agencies do the monitors report to and their significance
  • Why the DOJ insisted on including a compliance monitor in its settlement with Binance
  • how Binance’s compliance monitor is expected to create a “ripple effect across the industry,” according to Michael
  • Why Binance, despite being a non-U.S. entity, is subject to a U.S.-appointed monitor
  • Dorothy's perspective on why more monitorships might be appointed in the crypto industry going forward
  • How much the monitorship will cost Binance and the factors influencing their choice of monitor
  • Whether the government will be able to discover other crimes with all this new information, which will be used by other agencies such as the IRS and the FBI
  • Who might be appointed as the compliance monitor for Binance and why Michael favors Patrick McHenry
  • What constitutes the SAR lookback and AML program consultancy
  • What could happen when the government gets to look at all past transactions
  • What happens if the monitor discovers any wrongdoing within Binance
  • Whether the monitorship is likely to impact Binance's business operations
  • Advice from Dorothy and Michael for Binance's new CEO on navigating these challenges
  • Why predicting the future of Changpeng Zhao, Binance's ex-CEO, is complex, according to Dorothy


Thank you to our sponsors!  LayerZero  | Popcorn Network  | Arbitrum Foundation

Guests |  

Michael Dawson, partner, Financial Institutions Group at WilmerHale

Dorothy DeWitt,  founder and CEO of Tolt Strategies and former Director of the Division of Market Oversight at the CFTC

Links |

Settlement

DOJ Settlement Text

FINCEN Settlement Text

CFTC Settlement Text

OFAC Settlement Text

WSJ: Binance Penalties Include a Number of Crypto Industry Firsts: The Treasury Department’s FinCEN is imposing its first-ever monitorship on the cryptocurrency exchange

CoinDesk: Binance's Future and Other Questions Post-Settlement 

Unchained: Binance to Pay $4.3 Billion to Settle U.S. DOJ Criminal Probe; CEO Changpeng Zhao Pleads Guilty for Violating Bank Secrecy Act 

Law360: Binance's Compliance Chief Is Optimistic About Monitorship


The C FTC's guidance on monitorship:

CFTC Releases Enforcement Advisory on Penalties, Monitors and Admissions


Other monitors at crypto companies:

Coinbase (independent monitor):  Press Release- January 3, 2023: Superintendent Adrienne A. Harris Announces $100 Million Settlement with Coinbase, Inc. after DFS Investigation Finds Significant Failings in the Company’s Compliance Program | Department of Financial Services

Robinhood Crypto (independent compliance consultant):  Press Release- August 2, 2022: DFS Superintendent Harris Announces $30 Million Penalty on Robinhood Crypto for Significant Anti- Money Laundering, Cybersecurity & Consumer Protection Violations | Department of Financial Services (ny.gov)

-

Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Posted on

The Intelligence from The Economist - The Intelligence: good COP, bad COP?

In a landmark agreement, nearly 200 nations have agreed to transition away from fossil fuels. However, that is not the same as phasing them out. Has the deal done enough? For the young trying to invest, the markets look bleak. But they could make better choices (10:42). And, the allure of cookery books (17:18).


Sign up for a free trial of Economist Podcasts+. If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Posted on

Big Technology Podcast - Intel’s CEO Shares His Plan To Win The AI Chip War — With Pat Gelsinger

Pat Gelsinger is the CEO of Intel. He joins Big Technology Podcast to discuss how the AI chip war is playing out and why it's growing more competitive. In this episode, we break down the various components of the chip business, the difference between CPUs and GPUs, who's ahead in the AI chip war, NVIDIA's underrated weakness, and why Intel is getting back into the foundry business after a couple of failed attempts. Tune in for a vibrant, deep discussion of the state of the AI chip business and the state of Intel's comeback.

---

See how Intel is bringing AI Everywhere on Thursday, December 14 at 7:00 – 8:00 a.m. PST / 10:00 – 11:00 a.m. EST for a keynote featuring CEO Pat Gelsinger and other Intel leaders livestreamed on the Intel Newsroom. 

---

Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice.

For weekly updates on the show, sign up for the pod newsletter on LinkedIn: https://www.linkedin.com/newsletters/6901970121829801984/

Questions? Feedback? Write to: bigtechnologypodcast@gmail.com

Posted on

Code Story: Insights from Startup Tech Leaders - S9 Bonus: Blake Burch, Shipyard

Black Burch grew up in Fort Worth, attending college at TCU. Prior to his current venture, he wasn't actually a tech person. He wanted to be a music professor, specifically in percussion. But eventually, he moved over to the tech world. But, outside of tech, he plays board games, in the strategy realm, and named one that I hadn't heard of called Terra Mystica.

Previously at PMG, Blake and his company had built an internal tool called forklift, moving data between data warehouses. As it started to grow, he and his co-founder saw lots of opportunities to expand the offering - and make it a product of its own.

This is the creation story of Shipyard.

Sponsors

Links



Our Sponsors:
* Check out Vanta: https://vanta.com/CODESTORY


Support this podcast at — https://redcircle.com/code-story/donations

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy
Posted on

Take This Pod and Shove It - How did our Spotify Wrapped 2023 turn out?

Everyone loves to share their yearly Spotify Wrapped, and we decide to get in on the fun. Tyler and Danny share their top 5 artists, according to their Wrapped stats, and talk  about how much of the results are intentional and how much was the result of doing a weekly podcast about country music.

Got a favorite country album from 2023? Let us know what it is, and it might make its way into our annual Best of 2023 episode! Email us at takethispodandshoveit@gmail.com to let us know your favs!

For just $5 a month you can help keep the lights on and get access to bonus episodes! Consider supporting us on Patreon HERE!

Check out our Patreon!
Check out our new merch store!
Instagram: @TakeThisPodandShoveIt
For everything else click HERE!

Want to create your own great podcast? Why not start today! We use BuzzSprout for hosting and have loved it. So we suggest you give them a try as well! Buzzsprout gets your show listed in every major podcast platform, and makes understanding your podcast data a breeze.
Follow this link to let Buzzsprout know we sent you—you'll get a $20 credit if you sign up for a paid plan, and it helps support our show.



Posted on

Money Girl - What’s the Difference Between a 401(k) and Solo 401(k)?

Understand how a regular and solo 401(k) compare, who can have them, and ways to maximize their tax-advantaged benefits.

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.

Money Girl is a part of Quick and Dirty Tips.

Links: 

https://www.quickanddirtytips.com/

https://www.quickanddirtytips.com/money-girl-newsletter

https://www.facebook.com/MoneyGirlQDT

https://twitter.com/LauraAdams

https://lauradadams.com/

Posted on

The Daily Detail - The Daily Detail for 12.13.23

Alabama

  • Congressman Strong adds language to NDAA 2024 dealing with border materials
  • The ALGOP has removed disbarred attorney Daniel Boman from primary race
  • State lawmakers to bring back law on fentanyl deaths that had technical error
  • Attorneys for Stephen Perkins file lawsuit re: his death in September
  • Judge rules AL Medical Cannabis Commission can issue licenses despite lawsuit
  • An EF-0 tornado confirmed to have landed in Henry & Barber counties

National

  • Full US House to vote on formalizing impeachment inquiry into Joe Biden
  • Joe Biden express disapproval of Israel prime minister handling of Hamas conflict
  • SC Jack Smith had experts extract contents of WH cell phones handled by Trump
  • TN congressman asks House Oversight to subpoena the flight logs of Epstein
  • TN senator outraged at GAO report on Billions of $ going to Planned Parenthood
  • Cambridge University report shows 1 in 4 who took C19 vaccine now have VAIDS
Posted on

NBN Book of the Day - Kathy Stuart, “Suicide by Proxy in Early Modern Germany: Crime, Sin and Salvation” (Palgrave Macmillan, 2023)

Suicide by Proxy became a major societal problem after 1650. Suicidal people committed capital crimes with the explicit goal of “earning” their executions, as a short-cut to their salvation. Desiring to die repentantly at the hands of divinely-instituted government, perpetrators hoped to escape eternal damnation that befell direct suicides. 

In Suicide by Proxy in Early Modern Germany: Crime, Sin, and Salvation (Palgrave Macmillan, 2023), Kathy Stuart shows how this crime emerged as an unintended consequence of aggressive social disciplining campaigns by confessional states. Paradoxically, suicide by proxy exposed the limits of early modern state power, as governments struggled unsuccessfully to suppress the tactic. Some perpetrators committed arson or blasphemy, or confessed to long-past crimes, usually infanticide, or bestiality. Most frequently, however, they murdered young children, believing that their innocent victims would also enter paradise. The crime had cross-confessional appeal, as illustrated in case studies of Lutheran Hamburg and Catholic Vienna.

Jana Byars is an independent scholar located in Amsterdam.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Posted on

New Books in Native American Studies - David Carey, Jr., “Health in the Highlands: Indigenous Healing and Scientific Medicine in Guatemala and Ecuador” (U California Press, 2023)

Health in the Highlands: Indigenous Healing and Scientific Medicine in Guatemala and Ecuador (University of California Press, 2023) explores how, in the early to mid-twentieth century, the governments of Ecuador and Guatemala sought to expand Western medicine within their countries, with the goals of addressing endemic diseases and improving infant and maternal health. These efforts often clashed with indigenous medical practices, particularly in the rural highlands. Drawing on extensive, original archival research, historian David Carey Jr. shows that indigenous populations embraced a syncretic approach to health, combining traditional and new practices. At times, the governments of both nations encouraged--or at least allowed--such a synthesis, yet they also attacked indigenous lifeways, going so far as to criminalize native medical practitioners and to conduct medical experiments on indigenous people without consent. Health in the Highlands traces the experiences of curanderos, midwives, bonesetters, witches, doctors, and nurses--and the indigenous people they served. Carey interrogates the relationship between 'progressive' public health policy and indigenous well-being, offering lessons from the past that remain relevant in the present. Our best way forward, this history suggests, may be a compassionate syncretism that joins indigenous approaches to healing with science and a pursuit of environmental and social justice.

Ethan Besser Fredrick is a graduate student in Modern Latin American history seeking his PhD at the University of Minnesota. His work focuses on the Transatlantic Catholic movements in Mexico and Spain during the early 20th century.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/native-american-studies