Day: May 8, 2025

In a letter, and not a scented one mind you, dispatched to Treasury’s Scott Bessent and Attorney General Pam Bondi (presumably folded rather than rolled and tied with a ribbon), Senators Warren, Van Hollen, Whitehouse, and Blumenthal wailed—er, “expressed deep concern”—about a $2 billion investment showered upon Binance in March, a sum that could buy quite a lot of questionable art and possibly a small archipelago.

Upon venturing into the enchanting valleys of Bhutan, one may now pay for lodgings, transport, even that essential visa (how else to impress the neighbours?) with a dazzling array of over one hundred crypto assets. Yes, Bitcoin, USDC, Binance’s own BNB, and, for the truly adventurous, a digital cornucopia that would leave even Mr. Darcy uncertain which wallet to bring. 👜

Still, they persist! B3 insists institutional investors—those suited survivors yearning to diversify—must have simple, “seamless” access to this brave new world. Custody headaches will apparently be anesthetized by the very structuring of these products. Sleep well, investors, for B3 guards your digital dust. (At least until they accidentally type their key wrong.)