The SEC ends its high-profile lawsuit against Binance (1:04), clarifies its stance on staking (2:20), and signals a broader shift in regulatory strategy. Meanwhile, U.S. agencies take aim at the infrastructure behind crypto investment scams, targeting a sanctioned Philippine firm (3:50) and a multimillion-dollar pig butchering ring linked to two Chinese nationals (5:41).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

SEC Drops Binance Lawsuit, Ending One of Last Remaining Crypto Enforcement Actions. MacKenzie Sigalos. CNBC.

https://www.cnbc.com/2025/05/29/sec-drops-binance-lawsuit-ending-one-of-last-remaining-crypto-actions.html

Statement on Certain Protocol Staking Activities. Division of Corporate Finance. U.S. Securities and Exchange Commission.

https://www.sec.gov/newsroom/speeches-statements/statement-certain-protocol-staking-activities-052925

OFAC Sanctions Funnull Technology Inc. for Supporting Pig Butchering Scams. Chainalysis.

https://www.chainalysis.com/blog/ofac-sanctions-funnull-technology-pig-butchering-scams-may-2025/

Targeting a Major Backer of Virtual Currency Investment Scams. Tammy Bruce, Department Spokesperson. U.S. Department of State.

https://www.state.gov/targeting-a-major-backer-of-virtual-currency-investment-scams/

Treasury Takes Action Against Major Cyber Scam Facilitator. U.S. Department of the Treasury.

https://home.treasury.gov/news/press-releases/sb0149

Feds Target Chinese Couple Accused in $9 Million Crypto ‘Pig Butchering’ Scam. Trevor Hughes. USA Today.

https://www.usatoday.com/story/news/nation/2025/05/29/fbi-chinese-crypto-scam-pig-butchering/83905816007/

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti