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Gus

@gus

770 Following
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@maketime4fishing @eulerlagrange.eth @milesjennings
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A steal.
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🦫
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As we said in our recommendations on the AI Action Plan:
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Elizabeth Warren's take is wrong: This hurts startups, not big tech. Big tech has armies of lawyers to comply with whatever the states come up with. But scrappy startups trying to bring a new AI product to market might not be able to handle the massive compliance costs of a 50-state AI regulatory regime. So what the Senate has done doesn't affect Google—but it does prevent the next Google from being built. And that puts the US behind in the AI space race. https://x.com/SenWarren/status/1940055045405646911
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And he’s here! @hadickm
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Rob runs down some of the practical difficulties of the Robinhood approach: https://x.com/HadickM/status/1940018046833201168
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Needless to say, senators will fold on this issue if they think MAGA’s coming after them.
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Looks like the Trump coalition’s uneasy tech + populist alliance just blew up: Bannon came out against the 10-year AI state law moratorium.
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Well, the post-PATRIOT Act BSA applies to broker-dealers and other securities intermediaries, including national securities exchanges and ATSes. And the SEC enforces those rules against those intermediaries during its exams. So a decentralized, permissionless, no KYC securities exchange might get some government scrutiny!
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welcome
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Supportive.
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It should be sub 100 after 9 — good call.
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What’s your curriculum?
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EulerLagrangodamus
@eulerlagrange.eth
The biggest risk to crypto rn is projects not taking compliance seriously. You may grow quickly, but the space may get sent back to 2019 cc @gus
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Totally. No one should mistake a more welcoming regulatory environment for “anything goes.”
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Helps to have grandparents who were immigrants too, but the immigrant -> citizen journey must put it in incredible relief.
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On other platforms when I hit "like," I'm a bit let down each time — cause there's no noice. So you've already achieved one of the key founder goals: users thinking about the product when it's not available and wondering when I'll get it over there, and over there, and over there.
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Noice!
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can confirm
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