“Good Reason to Worry” What the BitMEX Indictment Means for DeFi and Bitcoin

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Market reaction to Pres.Trump contracting COVID-19</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Subpar September jobs report</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Decentralized exchanges have third straight 100%+ growth month </span></li> </ul> <p> </p> <p><span style="font-weight: 400;">Our main discussion features Stephen Palley and Preston Byrne of Anderson Kill. </span></p> <p><span style="font-weight: 400;">Yesterday, BitMEX was targeted with both civil and criminal complaints, with the CTO being arrested for violation of the Bank Secrecy Act. </span></p> <p><span style="font-weight: 400;">In this conversation, NLW talks to two crypto legal experts to discuss:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">The specifics of the charges</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How long this investigation has been in the works </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Whether there was anything surprising to legal experts</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the criminal complaints represent an escalation of enforcement </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Whether there are implications for other industry areas, particularly decentralized finance </span></li> </ul> <p><span style="font-weight: 400;">Find our guests online:</span></p> <p><span style="font-weight: 400;">Stephen Palley:</span> <a href= "https://twitter.com/stephendpalley"><span style= "font-weight: 400;">@stephendpalley</span></a></p> <p><span style="font-weight: 400;">Preston Byrne:</span> <a href= "https://twitter.com/prestonjbyrne"><span style= "font-weight: 400;">@prestonjbyrne</span></a></p> <p><span style="font-weight: 400;">Anderson Kill:</span> <a href= "https://www.a