April 6th, 2023

Jimmie debriefs his recent trip to Louisville to discuss TruckCoinSwap at the Mid America Trucking Show. Lee and Jimmie then discuss the CFTC's remarkable complaint against Binance and what the potential fallout may be for the broader crypto market. They also highlight a new 160-page report from Citi on blockchain's future and what the future of tokenization will look like. They end by discussing new accounting guidance from FASB that recommends companies account for crypto on their balance sheet at fair value. Lee's Twitter: @leereiners Jimmie's Twitter: @jimmie_lenz Related Links CFTC Charges Binance and Its Founder, Changpeng Zhao, with Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange: https://www.cftc.gov/PressRoom/PressReleases/8680-23 MONEY, TOKENS, AND GAMES: Blockchain's Next Billion Users and Trillions in Value: https://ir.citi.com/gps/MG9DEWhoYvQJVWLM9Kr3%2BZmqjoztKJcyNHr83F9Wug2pzAGHPQKfp23RAMrkNts%2FJitXoTNqufOvegUjjXh0IA%3D%3D?utm_source=substack&utm_medium=email FASB Crypto Update: https://www.fasb.org/document/blob?fileName=Prop%20ASU%E2%80%94Intangibles%E2%80%94Goodwill%20and%20Other%E2%80%94Crypto%20Assets%20(Subtopic%20350-60)%E2%80%94Accounting%20for%20and%20Disclosure%20of%20Crypto%20Assets.pdf