This is an odd clip. I find it hard to believe that the CEO of a major BBB could be this uninformed about a major piece of financial legislation.
The Clarity Act “doesn’t do anything for AML/BSA.” Really? Have you read Titles II or III?
“It allows them to effectively pay interest on deposits.” False. Section 404 explicitly prohibits digital asset companies from paying any form of interest or yield on a stablecoin balance in a manner that is “economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.”
It is becoming increasingly clear that bank opposition to the Clarity Act is more about personality than policy.
@zerohedge Once again, important to emphasize that there are two different systems: Starlink for civilian usage and Starshield that is built & operated for US govt.
We try hard to keep these separate.
Elon Musk’s lawyer, Marc Toberoff, on today’s verdict in the OpenAI case:
“I have a one-word reaction: Appeal. This war is not over. We firmly believe what happened with OpenAI was wrong on a very basic level that you can't raise millions of dollars in a publicly subsidized charity, and when it suits you, just turn into a for-profit operation where the officers and directors of the charity enrich themselves to the tune of billions, and that's what actually happened here, and that's just wrong."
SpaceX has just received FCC approval to acquire ~65 MHz of nationwide spectrum from EchoStar for the company's next-gen direct-to-device @Starlink Mobile service.
The FCC says the deal gives SpaceX “exclusive-use, contiguous spectrum nationwide” for direct-to-phone connectivity from orbit.
Next-gen Starlink Mobile is going to be incredible, enabling 5G speeds from space in the middle of nowhere.
The human-perceived RGB is image 1 and the Tesla AI photon count reconstruction is image 2.
This is why Tesla FSD can see so well at night or through extreme glare.