Techmeme Ride Home
Fri. 11/15 – Crypto Ascendant
Nov 15, 2024
Eighteen states are taking on the SEC over crypto regulations, igniting a fierce legal battle. Meanwhile, scrutiny of Microsoft's cloud services by the FTC raises questions about timing. The ChatGPT app is now available for Windows users, enhancing accessibility. NASA's innovative AI Earth Copilot is set to revolutionize how we interact with our planet's data. Plus, the alarming rise of AI-driven streaming fraud highlights significant vulnerabilities in the industry, while Klarna's IPO journey showcases resilience in the fintech space.
17:52
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Eighteen states are suing the SEC for allegedly overstepping its regulatory authority in the cryptocurrency sector without congressional approval.
- NASA is developing an AI Earth Copilot with Microsoft to make complex geospatial data more accessible to non-technical users.
Deep dives
States Challenge SEC Over Crypto Regulation
Eighteen states are taking legal action against the Securities and Exchange Commission (SEC) regarding its regulatory approach to cryptocurrency. Led by Kentucky, the lawsuit alleges that the SEC has unconstitutionally expanded its authority without congressional approval, infringing on states' jurisdiction over digital assets. The suit claims that under Chairman Gary Gensler, the SEC has deliberately avoided establishing clear rules in order to assert control over the crypto industry, which has stifled its growth. Kentucky's Attorney General emphasized that this legal action aims to prevent the federal government from overreaching and to promote a healthier regulatory environment for the burgeoning cryptocurrency market.
