Consensus 2025
22:22:27:10
The Breakdown With NLW Episode

Why the DOJ, IRS Investigation Into Binance Could Be Good for Bitcoin

In almost any scenario, the industry faces one less category of FUD on the other side of the investigations.

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In almost any scenario, the industry faces one less category of FUD on the other side of the investigations.

This episode is sponsored by Nexo.io and Bitstamp.

Download this episode

Today on the Brief:

  • More chaos from Elon Musk
  • Hedge funds moving into DeFi?
  • Tether reserve attestations

Our main discussion looks at recent revelations of investigations by the Department of Justice and the Internal Revenue Service around Binance. NLW breaks down:

  • What we know about who is involved
  • Why the sound bite seems worse than the real story
  • Why each possible outcome leads the Bitcoin industry to a better place

See also: DOJ, IRS Investigating Crypto Exchange Binance: Report

Image credit: Akio Kon/Bloomberg/Getty Images

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

Nathaniel Whittemore
Why the DOJ, IRS Investigation Into Binance Could Be Good for Bitcoin