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Welcome to The Chopping Block \u2013 where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the gang breaks down the record $4.3 billion settlement between Binance and the U.S. government \u2014 whether it was fair, the chances CEO Changpeng Zhao will face any jail time, whether it was ultimately a good thing for Binance and for the U.S., and what this changes for the industry going forward. They also delve into the SEC\u2019s lawsuit against Kraken, and the drama around Sam Altman\u2019s firing from Open AI and what it says about corporate governance and crypto companies.\xa0\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\n\nShow highlights:\xa0\n\nthe details of the settlement between Binance and the Department of Justice\xa0\n\nhow a core part of Binance\u2019s business model was to allow bad actors on its platform, according to Robert\n\nwhy Binance had to settle with the U.S. government even though it's not an American company\n\nwhy Tom believes that the settlement represents a "very bad lesson"\n\nwhether U.S. market makers should be liable in cases like these\n\nhow the crypto community has reacted to the settlement\xa0\n\nwhat the settlement means for the future of the crypto industry\xa0\n\nwhether the new SEC lawsuit against Kraken is just a \u201ccopy-and-paste\u201d of its suit against Coinbase\n\nThe drama around Sam Altman\u2019s removal from his role as CEO of OpenAI\n\nWhy Robert thinks that the OpenAI board was \u201csilly and dumb\u201d\n\nWhat the problems at OpenAI say about its innovative governance structure\xa0\n\nHosts\n\n\nHaseeb Qureshi, managing partner at Dragonfly\xa0\n\n\nRobert Leshner, founder of Compound\n\n\nTom Schmidt, general partner at Dragonfly\xa0\n\n\nTarun Chitra, managing partner at Robot Ventures\n\n\nDisclosures\nLinks\nBinance Settlement\n\nUnchained:\xa0\n\nBinance to Pay $4.3 Billion to Settle U.S. DOJ Criminal Probe; CEO Changpeng Zhao Pleads Guilty for Violating Bank Secrecy Act\xa0\n\nBinance CEO CZ Released on $175 Million Bond\n\nSEC Charges Against Kraken\nUnchained: Crypto Exchange Kraken Accused by SEC of Violating Securities Law\n\nOpenAI\n\nThe Verge: Sam Altman returns as CEO of OpenAI\n\n\nUnchained: Worldcoin Falls and Rises After Sam Altman-OpenAI Saga\n\n\nHaseeb\u2019s tweet on accelerationism\nLearn more about your ad choices. Visit megaphone.fm/adchoices