Fri. 11/15 – Crypto Ascendant
Techmeme Ride Home
Brian McCullough
4.7 • 984 Ratings
🗓️ 15 November 2024
⏱️ 20 minutes
🧾️ Download transcript
Summary
Eighteen states are suing the SEC over crypto regulation. The FTC might be going after Microsoft, but is this well timed or terribly timed? ChatGPT on Windows just got more available. NASA has created an AI Copilot for… Earth. And, of course, the Weekend Longreads Suggestions.
Sponsors:
Links:
- SEC, Gary Gensler Sued by 18 States Over Biden’s Crypto Crackdown (Decrypt)
- US regulators plan to investigate Microsoft’s cloud business (Financial Times)
- ChatGPT App for Windows Now Available to Everyone (PCMag)
- NASA’s AI Earth Copilot will take your questions about our planet (The Verge)
Weekend Longreads Suggestions:
- Not even Spotify is safe from AI slop (The Verge)
- Klarna’s Seb Siemiatkowski — from burger flipping to billionaire club (Financial Times)
- Inside the Billion-Dollar Startup Bringing AI Into the Physical World (Wired)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the TechMeme right home for Friday, November 15th, 2024. I'm Brian McCullough. Today, |
| 0:08.9 | 18 states are suing the SEC over crypto regulation. The FTC might be going after Microsoft, |
| 0:15.0 | but is this well-timed or terribly timed? ChatGPT on Windows just got more available. NASA has |
| 0:20.7 | created an AI co-pilot for Earth. |
| 0:23.7 | And of course, the week on long-rate suggestions. Here's what you miss today in the world of tech. |
| 0:32.5 | We've been speculating since the election how various markets and regulatory environments might change for tech |
| 0:38.3 | with the new administration. It's probably too soon to come to any firm conclusions about all that, |
| 0:44.1 | but one area where I think we know there's a new wind blowing is in crypto. Crypto is |
| 0:50.4 | ascendant, and crypto is ready to conquer any regulatory roadblocks they think they |
| 0:54.9 | still might be facing. Today's case in point, 18 U.S. states led by Kentucky are suing the |
| 1:01.5 | Securities and Exchange Commission and its commissioners, including Chairman Gary Gensler, |
| 1:05.5 | over its crackdown on the crypto industry. Quoting DeCript. Filed Thursday, the suit from 18 states and their respective |
| 1:12.3 | attorneys general, all Republicans, along with the Defi Education Fund, alleges that the regulator |
| 1:17.6 | violated the U.S. Constitution in its approach to regulating digital assets. Without congressional |
| 1:23.1 | authorization, the SEC has sought to unilaterally rest regulatory authority away from the states |
| 1:28.1 | through an ongoing series of enforcement actions targeting the digital asset industry. The lawsuit |
| 1:33.2 | filed in a federal court in Kentucky argues, the SEC's sweeping assertion of regulatory |
| 1:38.2 | jurisdiction is untenable, end quote. The suit further alleges that the SEC knowingly defied standard procedure under Gensler's |
| 1:46.8 | leadership when it came to crypto, and so the agency intentionally avoided releasing any new |
| 1:51.5 | crypto rules as a means to avoid the alleged issues with its, quote, regulatory land grab. |
| 1:57.4 | The 18 states party to today's lawsuit led by Kentucky have now asked a federal judge to grant |
| 2:01.9 | declaratory and injunctive relief, effectively to freeze the SEC's ability to sue crypto companies. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Brian McCullough, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brian McCullough and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.