Cryptocurrency and the SEC Chair Gary Gensler

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Sally Kohn: Gary Gensler's central claim for the couple of years that he's been the SEC chair is that the vast majority of cryptocurrencies are securities like akin to shares traded on the stock market and that sort of thing. The crypto industry is very resistant to that; they have all sorts of legal arguments about why cryptocurrencies don't actually meet the standard for security, she says. Kohn: There's a belief that if every crypto instrument except for Bitcoin were sort of declared or treated as a security, that it would basically destroy everything that the crypto industry has spent the last decade building.

Snapchat launches a chatbot. Meta plans to “turbocharge” its A.I. work. Elon Musk explores “BasedAI.” At this point, who isn’t making an A.I. play?

Plus: Is crypto finally dead? Also, a new TikTok filter is making people terrifyingly hot.

On today’s episode:

David Yaffe-Bellany, a cryptocurrency and financial technology reporter for The New York Times.

Hard Fork listeners! We want to hear from you. How is A.I. showing up in your everyday life? In your job, school and families? What are you using it for? Email us a voice memo at hardfork@nytimes.com.

Additional reading:

Snapchat launched “My AI” to paid subscribers.
Mark Zuckerberg announced a high-level group to “turbocharge” Meta’s work with generative A.I.
Meta AI released LLaMA to researchers.
The science fiction and fantasy magazine “Clarkesworld” was flooded with chatbot-generated submissions. The writing is “bad in spectacular ways,” its editor said.
Elon Musk is considering starting his own A.I. company.
An FTX co-founder pleaded guilty to criminal charges and agreed to cooperate with prosecutors investigating Sam Bankman-Fried.
A “flurry” of fines, lawsuits and policy statements are spooking crypto executives.
Gary Gensler, the chair of the S.E.C., said that in crypto “everything other than Bitcoin” should be treated as a security.
Some TikTok users are worried by how realistic its new filters can seem.