States challenge Washington over the future of money

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With assist from Derek Robertson <div class="story-interrupt pos-alpha format-m "> <aside class="interrupt-item"> <div class="story-media"> <figure class="media-item type-photo"> <div class="fig-graphic "> <picture> <source srcset="https://www.politico.com/dims4/default/133815f/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 1x, https://www.politico.com/dims4/default/00ae1bb/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 2x" media="(min-width: 1012px)"> <source srcset="https://www.politico.com/dims4/default/1bbf630/2147483647/resize/465x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 1x, https://www.politico.com/dims4/default/f0565bd/2147483647/resize/930x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 2x" media="(min-width: 686px)"> <source srcset="https://www.politico.com/dims4/default/a465470/2147483647/resize/665x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 1x, https://www.politico.com/dims4/default/dbc5eda/2147483647/resize/1330x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 2x" media="(min-width: 321px)"> <source srcset="https://www.politico.com/dims4/default/61f08e4/2147483647/resize/310x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 1x, https://www.politico.com/dims4/default/ef3bd99/2147483647/resize/620x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 2x" media="(max-width: 320px)"> <img src="https://www.politico.com/dims4/default/133815f/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372" srcset="https://www.politico.com/dims4/default/133815f/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 1x, https://www.politico.com/dims4/default/00ae1bb/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F77%2F18%2Fc3f10ffd44ef823495eac8923c71%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F1472685372 2x" alt="Ron DeSantis gestures with his hand while speaking on a stage with an American flag in the background."/></source></source></source></source></picture> </div> <figcaption> Florida Gov. Ron DeSantis speaks to Iowa voters on March 10, 2023, in Des Moines. | Scott Olson/Getty Photographs </figcaption> </figure> </div> </aside> </div> Because the Biden administration carries out its post-FTX crackdown on digital belongings, one mainstay of the crypto foyer’s response has been to threaten to maneuver abroad.This week, although, raised the prospect that it may as a substitute discover protected harbor nearer to house. Republican officers in Florida and Texas signaled their intent to problem Washington’s authority over the way forward for financial expertise by formalizing their assist for Bitcoin and opposition to a central bank-controlled digital forex.If the initiatives acquire steam, states may thwart the ambitions of some Washington policymakers to sideline crypto and roll out a digital greenback issued by the Federal Reserve.On the federal stage, the White Home bashed crypto in a brand new report whereas information broke that the Securities and Trade Fee is eyeing authorized motion towards the nation’s largest crypto trade, Coinbase.In the meantime, a Texas state Home member launched a decision affirming the rights of Bitcoin homeowners and Florida Gov. Ron DeSantis proposed a brand new legislation to stymie Washington’s plans for a digital greenback. Whereas a number of states have created crypto-friendly legal guidelines in recent times, this week’s strikes are particularly notable as a result of it exhibits state officers are nonetheless prepared to push pro-crypto initiatives regardless of the dangers uncovered by FTX’s meltdown and the continuing federal crackdown.Collectively, the motion this week inches the nation nearer to a political standoff over the way forward for cash that appears extra just like the nation’s pre-Twentieth century previous: when the construction of the banking system and the definition of cash have been topics of hotly contested battles that usually broke alongside regional and pro- versus anti-federalist traces.On Monday, the White Home launched the <a target="_blank" href="https://www.whitehouse.gov/wp-content/uploads/2023/03/ERP-2023.pdf" rel="noopener">annual report</a> of its Council of Economics Advisers, which devotes a complete chapter to digital belongings.The report concludes that “some crypto belongings look like right here to remain” and that they could sometime show helpful. But it surely describes them largely as dangerous monetary devices with little objective.In sum: “crypto belongings thus far don't seem to supply investments with any elementary worth, nor do they act as an efficient various to fiat cash, enhance monetary inclusion, or make funds extra environment friendly; as a substitute, their innovation has been largely about creating synthetic shortage so as to assist crypto belongings’ costs.”As an alternative, the report touts central financial institution digital currencies and the Fed’s forthcoming FedNow cost system as extra promising avenues for upgrading cash and finance.In the meantime, Coinbase, the most important U.S. crypto trade, <a target="_blank" href="https://www.cnbc.com/2023/03/22/coinbase-warned-by-sec-of-potential-securities-charges.html" rel="noopener">revealed yesterday</a> that the SEC has served it with a Wells discover, a prelude to possible securities legislation enforcement motion.The states are one other matter.On Monday, Republican Harris Anderson filed a decision within the Texas Home of Representatives that usually declares the state a pleasant jurisdiction for proudly owning, mining and growing software program on Bitcoin.The decision additionally described Bitcoin-related coding as protected expression underneath the state’s structure; clarifies that the state structure’s ban on unreasonable search and seizure extends to Bitcoin; and confirms the proper of Bitcoin homeowners to carry their keys themselves.The decision, which was referred to committee yesterday, would quantity to a proper expression of legislators’ opinions, fairly than altering state legislation. It appeals each to a political tradition that prides itself on independence from Washington, and to a state oil and gasoline business that has <a target="_blank" href="https://www.theverge.com/2022/5/4/23055761/exxonmobil-cryptomining-bitcoin-methane-gas" rel="noopener">dipped its toes</a> into Bitcoin mining.In the meantime, in Florida, DeSantis <a target="_blank" href="https://flgov.com/2023/03/20/governor-ron-desantis-announces-legislation-to-protect-floridians-from-a-federally-controlled-central-bank-digital-currency-and-surveillance-state/" rel="noopener">introduced a bill</a> on Monday to amend the state’s uniform industrial code to ban the usage of any U.S. or overseas central financial institution digital forex, whereas encouraging different states to comply with swimsuit.DeSantis right here is taking a stand towards a hypothetical. The Biden administration and the Fed are nonetheless contemplating whether or not to create a CBDC, and any potential deployment can be years away.However any anti-CBDC laws is successfully pro-crypto, as a result of CBDCs are opposed by crypto’s backers for each aggressive and ideological causes. The proposal comes lower than a yr after DeSantis signed a crypto-friendly legislation that was drafted with <a target="_blank" href="https://www.nytimes.com/2022/04/10/us/politics/crypto-industry-states-legislation.html" rel="noopener">significant input</a> from business lobbyists.A decade in the past, state-level resistance to federal financial imperatives would have been merely symbolic. Within the present nationwide political atmosphere, it has the potential to be stronger.Through the Obama and Trump years, state-level <a target="_blank" href="https://www.politico.com/story/2013/07/states-nullification-obama-094826" rel="noopener">nullification efforts</a> turned a well-liked type of resistance to Obamacare and federal gun legal guidelines, whereas many sanctuary cities ceased cooperating with federal immigration legislation. States have defied federal drug legal guidelines to foster the event of hashish industries. And because the conservative super-majority on the Supreme Court docket goes about reshaping American jurisprudence, <a target="_blank" href="https://www.stltoday.com/opinion/editorial/editorial-the-day-could-be-approaching-when-supreme-court-rulings-are-openly-defied/article_80258ce1-5da0-592f-95c2-40b49fa7371e.html" rel="noopener">calls have grown</a> for states to defy its rulings.Public confidence within the courts, Congress, and the presidency all stand at or close to <a target="_blank" href="https://news.gallup.com/poll/1597/confidence-institutions.aspx" rel="noopener">50-year lows</a>, in keeping with Gallup polling that stretches again to the heights of Watergate.In the meantime, Western states like Wyoming and Colorado have already taken strikes to embrace cryptocurrencies. Final yr Arizona handed a legislation that, whereas it doesn't defy federal tax legislation, treats sure types of crypto exercise <a target="_blank" href="https://news.bloombergtax.com/daily-tax-report-state/tax-rules-for-cryptocurrency-airdrops-signed-into-arizona-law" rel="noopener">more favorably</a> for the aim of calculating state tax legal responsibility.DeSantis’ anti-CBDC proposal comes as presidential main polls present him dropping floor to former President Donald Trump, who continues to search out new methods to escalate his rhetorical assault on federal energy. On Saturday, Trump plans to carry a rally in Waco, Texas, to coincide with the 30-year anniversary of the federal siege of a compound belonging to the Department Davidians, a non secular cult. The siege, which resulted within the demise of 76 group members, has develop into a rallying level for anti-government extremists.Because the presidential nominating course of kicks into gear later this yr, radical concepts about cash and federal energy are percolating across the nation.<aside class="story-related cl-l db"> </aside>

<div class="story-interrupt pos-alpha format-m "> <aside class="interrupt-item"> <div class="story-media"> <figure class="media-item type-photo"> <div class="fig-graphic "> <picture> <source srcset="https://www.politico.com/dims4/default/3edd2ff/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 1x, https://www.politico.com/dims4/default/fed3001/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 2x" media="(min-width: 1012px)"> <source srcset="https://www.politico.com/dims4/default/1ba2efb/2147483647/resize/465x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 1x, https://www.politico.com/dims4/default/58f85b5/2147483647/resize/930x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 2x" media="(min-width: 686px)"> <source srcset="https://www.politico.com/dims4/default/6f8592a/2147483647/resize/665x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 1x, https://www.politico.com/dims4/default/25a2c8c/2147483647/resize/1330x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 2x" media="(min-width: 321px)"> <source srcset="https://www.politico.com/dims4/default/3f88dd2/2147483647/resize/310x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 1x, https://www.politico.com/dims4/default/d8edc2a/2147483647/resize/620x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 2x" media="(max-width: 320px)"> <img src="https://www.politico.com/dims4/default/3edd2ff/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg" srcset="https://www.politico.com/dims4/default/3edd2ff/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 1x, https://www.politico.com/dims4/default/fed3001/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F1b%2Fc0%2Faaf837e54f018c3fbf2701f2321d%2Fstate-department-gty.jpg 2x" alt="state_department_gty.jpg"/></source></source></source></source></picture> </div> <figcaption> Getty Photographs </figcaption> </figure> </div> </aside> </div> One other thorny drawback that AI may sort out: Diplomacy.In an <a target="_blank" href="https://foreignpolicy.com/2023/03/21/ai-artificial-intelligence-diplomacy-negotiations-chatgpt-quantum-computing/" rel="noopener">op-ed for Foreign Policy</a>, Andrew Moore, chief of workers to former Google CEO Eric Schmidt and a former diplomat himself, argues that AI is already helping with translations, briefings, and even figuring out optimum diplomatic agreements, amongst different issues.“Clever techniques may also assist negotiators check varied positions and eventualities in a matter of minutes,” Moore writes. “Through the first spherical of Iran nuclear negotiations, a staff on the U.S. Vitality Division constructed a reproduction of an Iranian nuclear web site to check each permutation of Iranian nuclear enrichment and growth. Sooner or later, an AI system will have the ability to run comparable eventualities and digital experiments sooner and at a a lot decrease value.”Moore additionally makes a case that quantum computing and blockchain expertise have a job to play in future diplomacy: The previous as an apparent safety danger and crucial, and the latter as a ledger by which to confirm the achievement of diplomatic agreements and even to trace warfare crimes. — Derek Robertson

<div class="story-interrupt pos-alpha format-m "> <aside class="interrupt-item"> <div class="story-media"> <figure class="media-item type-photo"> <div class="fig-graphic "> <picture> <source srcset="https://www.politico.com/dims4/default/be4cc7e/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 1x, https://www.politico.com/dims4/default/e135d84/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 2x" media="(min-width: 1012px)"> <source srcset="https://www.politico.com/dims4/default/7988981/2147483647/resize/465x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 1x, https://www.politico.com/dims4/default/08d9dc8/2147483647/resize/930x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 2x" media="(min-width: 686px)"> <source srcset="https://www.politico.com/dims4/default/f0fd49d/2147483647/resize/665x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 1x, https://www.politico.com/dims4/default/7c355ee/2147483647/resize/1330x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 2x" media="(min-width: 321px)"> <source srcset="https://www.politico.com/dims4/default/913302a/2147483647/resize/310x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 1x, https://www.politico.com/dims4/default/7c1d579/2147483647/resize/620x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 2x" media="(max-width: 320px)"> <img src="https://www.politico.com/dims4/default/be4cc7e/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485" srcset="https://www.politico.com/dims4/default/be4cc7e/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 1x, https://www.politico.com/dims4/default/e135d84/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F48%2F00%2F872e276e4d4d9153a0d3135c3b0c%2Fhttps-delivery-gettyimages.com%2Fdownloads%2F866485 2x" alt="PALO ALTO, CA - UNDATED PHOTO: An exterior view of the Xerox Palo Alto Reseach Center (PARC) is shown in Palo Alto, California. Xerox announced June 28, 2002 that the company expected a revenue restatement of approximately $2 billion for years 1997-2001. Reports state that the improperly recorded revenues over the five-year period could exceed $6 billion. (Photo courtesy Xerox/Getty Images)"/></source></source></source></source></picture> </div> <figcaption> Xerox PARC in 2002. | Getty Photographs </figcaption> </figure> </div> </aside> </div> What classes do America’s historic tech innovators carry for our would-be present ones?Programmer Alice Maz put into context the legacy of the historic partnership between the Superior Analysis Tasks Company (ARPA) and Xerox PARC in a <a target="_blank" href="https://alicemaz.substack.com/p/you-can-just-do-stuff#footnote-anchor-1-109603920" rel="noopener">blog post this week</a> — particularly, how the management of famed laptop scientists Robert Taylor and J.C.R. Licklider helped produce the “world-changing analysis” that led to the beginning of the web.Maz attracts on a <a target="_blank" href="https://dominiccummings.files.wordpress.com/2018/09/20180904-arpa-parc-paper1.pdf" rel="noopener">2018 paper</a> from Dominic Cummings, the previous advisor to British Prime Minister Boris Johnson, who argued that the ARPA-Xerox PARC mission needs to be a mannequin for post-Brexit Britain. The condensed takeaway, in Maz’s idiosyncratic, capitalization-free type: “articulate a imaginative and prescient, or discover another person who has laid one out that you may consider in. discover the perfect folks and develop into near them. problem one another to maintain up, be the very best variations of yourselves. work arduous, work quick, pour as a lot of your self into the work as you'll be able to. disregard guidelines as a lot as you may with out critically jeopardizing your life or liberty. and don’t fear a couple of sensible consequence. simply intention to do the most important, most essential factor you may.”Out of context, that may sound like typical tech-world cheerleading. However all the level of Maz’s exegesis is to differentiate between tasks: “I most likely wouldn’t sleep on the ground at [T]witter. I’d give virtually something to sleep on the ground at [PARC].” The one fashionable firm that garners a positive comparability? OpenAI — which, it needs to be stated, began as a non-profit analysis lab. — Derek Robertson

<div class="story-interrupt pos-alpha format-m "> <aside class="interrupt-item"> <div class="story-media"> <figure class="media-item type-photo"> <div class="fig-graphic has-overlay"> <a target="_blank" href="https://twitter.com/jeremybmerrill/status/1638636804873043968" rel="noopener"><picture> <source srcset="https://www.politico.com/dims4/default/4a1a1c6/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 1x, https://www.politico.com/dims4/default/eae542b/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 2x" media="(min-width: 1012px)"> <source srcset="https://www.politico.com/dims4/default/57581a0/2147483647/resize/465x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 1x, https://www.politico.com/dims4/default/47745c3/2147483647/resize/930x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 2x" media="(min-width: 686px)"> <source srcset="https://www.politico.com/dims4/default/bce3543/2147483647/resize/665x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 1x, https://www.politico.com/dims4/default/61e2ec3/2147483647/resize/1330x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 2x" media="(min-width: 321px)"> <source srcset="https://www.politico.com/dims4/default/3b9acef/2147483647/resize/310x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 1x, https://www.politico.com/dims4/default/28a3244/2147483647/resize/620x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 2x" media="(max-width: 320px)"> <img src="https://www.politico.com/dims4/default/4a1a1c6/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png" srcset="https://www.politico.com/dims4/default/4a1a1c6/2147483647/resize/762x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 1x, https://www.politico.com/dims4/default/eae542b/2147483647/resize/1524x/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2F3c%2F2e%2F6a2bd9014fa996c530c6ae01a38e%2Fscreen-shot-2023-03-23-at-4-07-38-pm.png 2x" alt="Soulja Boy Didn’t Tell ’Em (that he was being compensated to tout the crypto asset securities Tronix (TRX) and BitTorrent (BTT), the SEC has alleged)"/></source></source></source></source></picture> </a> New Window </div> </figure> </div> </aside> </div>

Keep in contact with the entire staff: Ben Schreckinger (<a target="_blank" href="http://www.politico.com/cdn-cgi/l/email-protection#f69485959e8493959d9f98919384b686999a9f829f9599d895999b" rel="noopener">[email protected]</a>); Derek Robertson (<a target="_blank" href="http://www.politico.com/cdn-cgi/l/email-protection#96f2e4f9f4f3e4e2e5f9f8d6e6f9faffe2fff5f9b8f5f9fb" rel="noopener">[email protected]</a>); Mohar Chatterjee (<a target="_blank" href="http://www.politico.com/cdn-cgi/l/email-protection#3558565d54414150475f505075455a595c415c565a1b565a58" rel="noopener">[email protected]</a>); Steve Heuser (<a target="_blank" href="http://www.politico.com/cdn-cgi/l/email-protection#512239342422342311213e3d382538323e7f323e3c" rel="noopener">[email protected]</a>); and Benton Ives (<a target="_blank" href="http://www.politico.com/cdn-cgi/l/email-protection#33515a45564073435c5f5a475a505c1d505c5e" rel="noopener">[email protected]</a>). Comply with us <a target="_blank" href="https://www.twitter.com/DigitalFuture" rel="noopener">@DigitalFuture</a> on Twitter.Ben Schreckinger covers tech, finance and politics for POLITICO; he's an investor in cryptocurrency.If you happen to’ve had this text forwarded to you, you may <a target="_blank" href="https://www.politico.com/newsletters/morning-tech/archive" rel="noopener">sign up</a> and browse <a target="_blank" href="https://www.politico.com/newsletters/digital-future-daily/2022/04/04/welcome-to-politicos-digital-future-daily-00022481" rel="noopener">our mission statement</a> on the hyperlinks offered. <aside class="story-related cl-l db"> </aside><ul class="twitter-authors">

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