In this episode, I share my analysis of why US regulators have recently gone on a crusade of enforcement in the crypto space, using Kraken, Paxos, and Binance as prime examples to highlight the issues that are being experienced by FinTech organizations currently.

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Today’s episode:

• [00:39] An overview of today’s topic. 
• [01:07] A common mistake made by struggling compliance professionals and the program I created to change this.
• [04:37] Exploring the concept of staking. 
• [06:52] What the Kraken staking program consisted of. 
• [07:23] The issue that US regulators had with Kraken’s marketing approach and a safer approach that could have kept them out of trouble. 
• [08:40] Kraken’s second mistake: mixing their own staking pool with their customers’ staking pool.  
• [11:34] A summary of the factors that made Kraken vulnerable. 
• [12:50] Why the SEC forced Paxos and Binance to stop issuing Binance USD stablecoins.
• [17:33] Examples of what the term “stablecoin” refers to. 
• [18:12] Changes that stablecoin issuers and users can expect in the coming months. 

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