ilmscore | TRUTH About Binance Settlement & What It Means For CRYPTO!!

TRUTH About Binance Settlement & What It Means For CRYPTO!!

Published: 2023-11-25
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
CZ is expected to step down as CEO, pay a $150 million fine, and faces a potential 18-month prison sentence.
"CZ has agreed to step down as binance's CEO pay a fine of $150 million and potentially spend up to 18 months in prison."
Binance and CZ's Legal Situation
Pending
Binance will be monitored by a Treasury-appointed entity for 5 years to ensure it exits the US market.
"Janet added that binance will be monitored by an entity representing the treasury for the next 5 years to ensure it exits the US market."
Binance Monitoring
Pending
The DOJ will have a monitor within Binance for 3 years focusing on KYC, AML, and sanctions violations.
"The doj specified that its monitor will work within binance for the next 3 years and focus on kyc AML and sanctions violations."
DOJ Monitoring of Binance
Pending
US authorities are sending a message that crypto and DeFi companies serving US users must comply with US laws.
"She said and I quote this sends a message to crypto and defi companies if you serve us users you must follow us laws."
US Regulatory Stance on Crypto
Pending
US authorities will apply regulations equally to both centralized and decentralized exchanges, indicating a crackdown on DeFi.
"a little later on she said and I quote these rules apply equally to centralized and decentralized exchanges translation us authorities are coming after Defi and it seems that everyone missed the memo"
US Regulatory Stance on DeFi
Pending
The judge has the theoretical power to increase CZ's prison sentence to 10 years, which would likely lead to an appeal.
"the judge could theoretically increase this prison sentence to 10 years in that case though cz's lawyers would appeal and not go quietly"
CZ's Potential Prison Sentence
Pending
CZ plans to engage in passive investing as a minority shareholder in startups across blockchain, web3, AI, and biotech.
"CZ also said that quote I will probably do some passive investing being a minority token shareholder in startups in areas of blockchain web3d AI and biotech"
CZ's Future Investments
Pending
CZ's continued focus on BNB through passive investing could be bullish for the BNB token.
"from our perspective this could potentially be bullish for BNB that's because Cy noted in a tweet last year that his portfolio was 99% BNB and 1% BTC assuming this is still the case then it stands to reason that CZ would focus his future crypto activities on BNB"
BNB Price Impact
Pending
The lack of fraud, asset commingling, and market manipulation charges against Binance provides no grounds for the SEC to reject pending spot Bitcoin ETF applications.
"the absence of fraud asset commingling and Market manipulation allegations means that the SEC has no grounds to reject the pending spot Bitcoin ETF applications"
Spot Bitcoin ETF Approval
Pending
Tether is collaborating with the US Secret Service and FBI, suggesting a potential regulatory shift or increased scrutiny.
"tether recently onboarded the United States Secret Service into its platform and will be working with the Federal Bureau of Investigation to do the same"
Tether's Regulatory Status
Pending
Despite potential short-term challenges, the future gains for the crypto market are predicted to be exceptionally large.
"it's possible that there will be more pain between now and then but in the end the gains will be bigger than anyone could have imagined"
Future of Crypto Market
Pending