Oddbean new post about login | logout Two things can happen here: either Binance will be completely destroyed by the state, or it will simply become a puppet of the state. Btw, withdraw the funds! https://i.nostrimg.com/89b69d4c903423a2ebdef11cbc00f9a0933d3fbad502b312120f038c407b22b7/file.jpg
I think considering binance is a profitable, out of jurisdiction shadow bank mainly capitalized in btc, there is a decent possibility of a 3rd scenario they dont get taken down or captured, and the decreasing clout of dollar hegemony is exposed by the SEC taking their shot and missing.
Trust me, binance userbase in US is no where compared to binance userbase outside the US. I don't see it affecting them much.
United States has too much influence; the moment the US takes any action, every European country will follow, Binance could collapse like a domino worldwide. These things never happen in isolation.
Totally agree!
