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Crypto Provision in Infrastructure Bill Blocked

Aug.09 — Jeremy Allaire, chief executive officer of Circle Internet Financial, the second-biggest stablecoin issuer, discusses the removal of a cryptocurrency provision from the Biden administration’s $550 billion dollar infrastructure plan that would have limited a proposal to increase federal regulation of cryptocurrencies. He speaks with Emily Chang on “Bloomberg Technology.”

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Aug.09 — Jeremy Allaire, chief executive officer of Circle Internet Financial, the second-biggest stablecoin issuer, discusses the removal of a cryptocurrency provision from the Biden administration’s $550 billion dollar infrastructure plan that would have limited a proposal to increase federal regulation of cryptocurrencies. He speaks with Emily Chang on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Vic Marc

    August 9, 2021 at 11:22 pm

    We ALL know whey they REALLY work for.

  2. Vic Marc

    August 9, 2021 at 11:25 pm

    Totally agree, US falling WAAAY behind on an exponential technology. We cannot do tie to find defunct projects that don’t make us safer or more competitive. Find blockchain and Bitcoin mining!

  3. Abram Neitling

    August 9, 2021 at 11:54 pm

    This guy is a warrior for the crypto space.

  4. Kevin Medeiros

    August 10, 2021 at 12:02 am

    They want every last dime you work for.

    • C Kez

      August 10, 2021 at 1:16 am

      Well. It’s because they want to pay for all the people who don’t want to work!!!

  5. symmetry

    August 10, 2021 at 12:37 am

    bullish!

  6. adhd trader

    August 10, 2021 at 12:41 am

    Love this guy, glad to be invested in his company. He needs to get the bank charter to compete with Silvergate bank. The crypto lobbyists should throw some $ at these politicians, thats the best way to get legislation in your favor. Bitcoin has made so many multi millionaires…why dont they just donate to the politicians.

  7. jeffrey exposito

    August 10, 2021 at 12:54 am

    Fun fact: Crypto adoption has grown faster than the internet when it first came out. We are at the cusp of a new industrial revolution that can’t be stopped. The banks and traditional financial institutiones are desperately trying to stop the inevitable.

  8. Jonathan Hunnicutt

    August 10, 2021 at 12:59 am

    This dude is a true blooded communist. Completely misrepresented the bill at hand. Propaganda

  9. Cliff L

    August 10, 2021 at 1:08 am

    What you’re witnessing with the DC. infrastructure/crytpo debate, is just another in a long line of examples where the US is being deliberately destroyed from within to allow China to become the world leader in almost all areas. China is already using a digital Yuan and in the very near future, their entire country will be using only that. The US and the knuckleheads bought and paid for in DC. can’t even tell you what a digital asset is. But hey, as long as they get their pockets filled with cash today, who cares about the fate of the country tomorrow.

    The entire New World Order agenda is centered on controlling the world’s population based on the Communist Chinese model. Look back a David Rockefeller’s own quotes about that subject. The globalist elite understood decades ago that their wet dream could never be achieved if the world’s largest population China, wasn’t on board. So, China was promised a key seat at the New World Order table.

  10. C Kez

    August 10, 2021 at 1:15 am

    WOW THIS IS SAD. THAT THESE SENATORS WANT TO HURT USA INNOVATION!!!! Vote out ANYONE WHO GETS IN THE WAY AND WANTS TO HURT CRYPTO! SIMPLE!!! No matter what side of the aisle they are on!! BYEEEEE

  11. william tell

    August 10, 2021 at 1:20 am

    No go .
    On to the house

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Bloomberg Technology

Odd Lots: Maybe AI Won’t Kill Us All — Just Some of Us

Big Tech has been sounding alarms about the risk of AI causing human extinction but there are also skeptics who dismiss the notion, like former US Federal Trade Commissioner Alvaro Bedoya, who referenced the Black Death to dismiss warnings of existential risks. On this episode of the Odd Lots podcast recorded live at the Vermont…

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Big Tech has been sounding alarms about the risk of AI causing human extinction but there are also skeptics who dismiss the notion, like former US Federal Trade Commissioner Alvaro Bedoya, who referenced the Black Death to dismiss warnings of existential risks.

On this episode of the Odd Lots podcast recorded live at the Vermont Hollywood theater, Rachel Karten, author of the Link in Bio newsletter, and Taylor Lorenz, founder of User Mag, talk about the possibility of AI killing all humans, or maybe just some.
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James Manyika on AI Regulation

“I don’t think it should be left to any one company.” Google SVP James Manyika says a “collective effort” is needed to ensure AI safety. ——– Like this video? Subscribe to Bloomberg Tech on YouTube:   Watch the latest full episodes of “Bloomberg Tech” with Ed Ludlow here:   Get the latest in tech from…

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“I don’t think it should be left to any one company.”

Google SVP James Manyika says a “collective effort” is needed to ensure AI safety.
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Billions Pour Into OpenAI, DeepSeek Ahead of IPOs

Bloomberg’s Ed Ludlow breaks down OpenAI’s talks with multiple investors to raise at least $30 billion at a valuation of about $1.4 trillion. Plus, DeepSeek is also close to securing at least $12 billion in funding ahead of its own IPO next year, and JPMorganChase CEO Jamie Dimon weighs in on data centers and AI…

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Bloomberg’s Ed Ludlow breaks down OpenAI’s talks with multiple investors to raise at least $30 billion at a valuation of about $1.4 trillion. Plus, DeepSeek is also close to securing at least $12 billion in funding ahead of its own IPO next year, and JPMorganChase CEO Jamie Dimon weighs in on data centers and AI risks from London’s Tech Stars event.

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00:00:00 – Bloomberg Tech Begins
00:01:01 – Bloomberg’s Mike Shepard on OpenAI Looking to UAE Funds to Anchor $30B Raise
00:05:53 – Bloomberg’s Peter Elstrom Discusses DeepSeek Blowing Past Its Initial Funding Target
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00:13:16 – Paul Allen Reports on OpenAI Apologizing for Hack Against Australian Government
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