Lee and Jimmie discuss CZ’s sentence, news that FTX creditors will be made whole, Robinhood’s crypto-related Wells Notice, disagreements over stablecoin transaction volume, and Blackrock’s investment in Securitize.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links

How 'Good Guy' Reputation Secured Binance's CZ a 4-Month Prison Sentence: https://www.coindesk.com/business/2024/04/30/how-czs-good-guy-reputation-secured-4-month-prison-sentence/?utm_source=securitiesdocket.beehiiv.com&utm_medium=newsletter&utm_campaign=binance-s-cz-sentenced-to-four-months-in-prison

FTX Has Billions More Than It Needs to Repay Its More Than Two Million Customers: https://www.bloomberg.com/news/articles/2024-05-07/ftx-has-billions-more-than-needed-to-repay-bankruptcy-victims?cmpid=BBD050824_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=240508&utm_campaign=moneystuff

FTX’d: Conflicting Public and Private Interests in Chapter 11: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4760736

SEC Prepares to Sue Robinhood Over Crypto Unit: https://www.wsj.com/finance/regulation/robinhood-gets-sec-notice-on-recommendation-of-enforcement-action-against-crypto-unit-9846e60c?utm_source=securitiesdocket.beehiiv.com&utm_medium=newsletter&utm_campaign=sec-issues-wells-notice-to-robinhood-over-crypto-unit

Robinhood's crypto business drives massive earnings beat: https://www.reuters.com/business/finance/robinhood-swings-profit-year-ago-loss-2024-05-08/

Making sense of stablecoins: https://usa.visa.com/visa-everywhere/blog/bdp/2024/04/24/making-sense-of-1713984605043.html

Securitize Announces $47 Million Strategic Funding Round Led by BlackRock: https://securitize.io/learn/press/securitize-announces-strategic-funding-round-led-by-blackrock