Why the Crypto Industry Doesn't Trust the Treasury

<p><span style="font-weight: 400;">First, on the Brief:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">OnlyFans’ reversal of its decision to ban sexuually explicit content</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Budweiser’s NFT Twitter profile picture</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The U.K.’s warnings to Binance</span></li> </ul> <p><span style="font-weight: 400;">Last week, OnlyFans announced it would ban sexually explicit content from its platform, citing three major banks that had refused service because of “reputational risk.” Today, the company suspended the policy change and lauded the community’s rallying support for creators who use the platform. Will larger financial institutions continue to put pressure on OnlyFans or other platforms to make them more “moral”?</span></p> <p><span style="font-weight: 400;">Budwieser is the latest to follow Visa’s footsteps into the NFT domain. The beer maker announced it bought a rocket ship from NFT artist Tom Sachs’ Rocket Factory. Last on the Brief, specifics of the U.K.’s quarrels with Binance have been released, primarily centered around a lack of supervision capabilities.</span></p> <p><span style="font-weight: 400;">In the main discussion, NLW addresses a new angle to the infrastructure bill. The Treasury has claimed that it will not target non-brokers, like miners, even if the bill’s language includes them. Can the crypto community trust the Treasury’s statements of goodwill?</span></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https: