Ethical Crossroads
Ethical Crossroads is a podcast about the intersection of business, ethics, and sustainability. Here, you'll find discussions with top experts on topics such as:
1) Compliance
2) Responsible Sourcing
3) Artificial Intelligence (AI)
4) ESG
5) Web3 and Cryptocurrency
6) Sports
Ethical Crossroads
What's Behind the SEC Industry Sweep of Crypto? (#4)
In this episode, we discuss why the SEC has been aggressively filing suits against crypto exchanges like Binance and Coinbase. We take a look at the SEC's recent history of utilizing "industry sweeps" to make examples of companies, in order to execute a deterrent effect across similar companies or industries.
Sources utilized for this episode include:
US tightens crackdown on crypto with lawsuits against Coinbase, Binance | Reuters
SEC sues Binance and CEO Changpeng Zhao for U.S. securities violations (cnbc.com)
The SEC is suing Binance, the world’s largest crypto exchange - The Verge
SEC.gov | SEC Charges 16 Wall Street Firms with Widespread Recordkeeping Failures
Financial Advisor IQ - SEC Enforcer: ‘You Bet’ There Will Be More Sweeps