Wed. 03/09 – The Regulatory Era For Crypto Starts Today

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 9 March 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

That telegraphed Executive Order for Crypto is being signed, probably as we speak. Is Congress pressing criminal charges against Amazon? LimeWire is back, but for the NFT era. And a deep dive look at that mind boggling new M1 Ultra chip that Apple announced yesterday. Sponsors: Composer.trade Smith.ai promocode techmeme for $100 off signup Links: Biden Orders Study of Cryptocurrency Risk, Creation of U.S. Digital Currency (WSJ) Amazon Flagged to Justice Department for Possible Criminal Obstruction of Congress (WSJ) Twitter Launches Tor Onion Service Making Site Easier to Access in Russia (Motherboard) Lumen, a second major American Internet carrier, pulling out of Russia (Washington Post) EU Says Russia, Belarus Sanctions Extend to Crypto (CoinDesk) LimeWire Is Making a Comeback, But Not As You Know It (Bloomberg) Apple Announces M1 Ultra (AnandTech) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Name Right Home for Wednesday, March 9th, 2022. I'm Brian McCullough today.
0:09.0	That telegraphed executive order for crypto is being signed. Probably as we speak, is Congress pressing CRIT. of And a deep dive look at that mind-boggling new M1 altorship that Apple announced yesterday.
0:24.8	Here's what you missed today in the world of tech.
0:32.3	As I write this, it hasn't happened yet but signs are pretty solid that it is going to
0:37.1	happen so I'm going to treat it like it's likely a done deal by the time you hear
0:40.7	these words at some point today President Biden will sign an executive order
0:44.6	instructing federal agencies to study the risks posed
0:48.0	by digital assets, such as undermining sanctions,
0:52.1	and also to investigate the possibility of a digital dollar,
0:55.6	quoting the Wall Street Journal.
0:57.5	The executive order will urge federal regulators to review the risks a roughly 1.75 trillion
1:02.0	dollar crypto market presents to consumers, investors, and the broader economy.
1:06.7	Federal agencies will have several months to prepare a report with their findings,
1:10.3	which will then inform any new regulatory actions by the White House, a senior administration
1:14.8	official said.
1:16.4	About 16% of adult Americans or roughly 40 million people have invested in, traded, or used
1:21.0	cryptocurrencies, according to a White House fact sheet.
1:24.8	That growing prevalence of digital assets which include volatile cryptocurencies like
1:28.7	Bitcoin and so-called stable coins, pegged to assets like the U.S. dollar, has pushed the Biden administration to
1:34.6	centralize its work on the topic.
1:37.0	White House officials have been working with the crypto industry and experts for several months
1:40.8	to prepare the executive order. The Biden administration will also
	...

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