SEC Wanted Coinbase Crypto Delistings #1684

The SEC asked Coinbase to halt trading of all cryptocurrencies except bitcoin before suing them, indicating the agency wants to assert broader authority over crypto. Coinbase’s CEO said complying would have effectively ended crypto trading in the US. The SEC’s lawsuit identified 13 lightly-traded cryptos on Coinbase as securities, but their earlier request covered all 200+ tokens offered. This suggests the SEC views most cryptocurrencies as deposits under its regulatory purview, not just the 13 cited. However, ether was notably absent from the SEC’s lawsuit against Coinbase and Binance. Crypto oversight has been a gray area between the SEC and CFTC. More SEC oversight would impose stricter compliance standards that could force crypto exchanges to halt operations. The implications for the wider crypto industry, if Coinbase agreed to only offer bitcoin trading, would be severe, likely requiring Congressional intervention.

AI Will Dramatically Impact Many Jobs

According to Cochrane, artificial intelligence is advancing rapidly and will dramatically transform white-collar jobs in the next 1-3 years. Knowledge workers need to start preparing now. The jobs most likely to survive will be big “thinkers” who come up with creative ideas and subject matter experts who can validate AI outputs. More routine “thunking” jobs like creating documents and spreadsheets will likely be automated.

Privacy and Security Breaches Abound

Several stories highlighted the prevalence of privacy and security breaches today. The FBI was using spyware from controversial firm NSO Group despite a US ban. Medicare patient records were breached in a hack of a healthcare contractor. Breaches like these show the constant challenges around protecting user data.

Space Discoveries Excite

On a more upbeat note, Queen guitarist Brian May helped NASA select an asteroid sampling site for its recent mission. May has a new book out about his passion for space science. Also, the Hubble telescope captured a stunning photo of the dense core of stars at the center of our Milky Way galaxy. These stories highlight exciting new space discoveries on the horizon.

Big Tech Dominance and Policy Shifts

Finally, Cochrane covered several stories about Big Tech’s dominance and policy shifts. Amazon is exerting more control over apps on its Fire TV platform. Google made its privacy policy easier to find in search to address critics. And Twitter threatened to sue an anti-hate group for claims it allowed hateful content, trying to retain advertisers. These all demonstrate the immense power tech giants wield to set policies as they choose.

Those are some of the topics in the latest episode of the Geek News Central podcast covering many important tech stories and trends on his show.

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About Todd Cochrane

Todd Cochrane is the Founder of Geek News Central and host of the Geek News Central Podcast. He is a Podcast Hall of Fame Inductee and was one of the very first podcasters in 2004. He wrote the first book on podcasting, and did many of the early Podcast Advertising deals in the podcasting space. He does two other podcasts in addition to Geek News Central. The New Media Show and Podcast Legends.