Was attending a deep tech venture fund's summit this week in Tokyo. Only one interesting takeaway:
"A study shows that 24% of men in the US have an intimate relationship with their ai llm / agent"
Sounds about right lol
A lot of people outside (and inside) the industry don't know how big of a deal the Clarity Act is - it is beyond underpriced. here are just four reasons why:
1. It legitimizes crypto as a permanent part of the U.S. financial infrastructure. Crypto is no longer a fringe technology or policy issue
2. Unlocks institutional participation with clear rules of the road, less legal risk for exchanges, custodians, fintechs, banks, asset managers. This has already started but will explode.
3. Continued from #2, the number of crypto related IPOs and M&A will shock everyone to the upside
4. More assets become institutionally investable as managers will be able to underwrite regulatory risk better.
We have been fixated (understandably so) on one piece of language within the broader act that the upside of this passing will catch everyone off guard.
“Our founders do not all communicate the same way. Some are working in their second or third language. Some are so deep in execution mode that stopping to fill out a monthly update form genuinely breaks their momentum.”
A Korean founder who isn’t fluent in English was spending 45min a week to make sure his updates were conveyed accurately. Now it takes 5minutes. Compound that over a year
@web3_checkmate@sushikev We have a co-founder who was not fluent in English, who used to rely on his English speaking co-founder to provide updates. Now he can do it directly in Korean to Karen and saves an hour a week