Weekly Roundup 02/17/23 (BUSD Wells notice, Howey vs Reves, the SEC's custody guidance) (EP.397)

Matt and Nic return for another week of news and deals. In this episode:  Is peak FUD in? Is this the 'custody rule rally'? OTB is keeping the deals of the week House is probing the connections between FTX and the SEC SBF is banned from using a VPN Is SBF a secret sports fan? SBF's bail cosigners are unmasked SBF VC investors are hit with a class action lawsuit SEC sends Paxos a Wells notice Circle dispells Wells notice rumors Is the SEC going after all stablecoins or just BUSD? What does Reves say about stablecoins being securities? Tether is the beneficiary of the crackdowns in the US Can US regulators really go after Tether? How Paypal deposits are like stablecoins What's in the SEC's custody rules? Changes to market structure if the SEC's custody rules go through Binance suggests that they are ready to settle up with US regulators