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Market Structure Rules for Crypto Could End Up Governing Core of U.S. Finance: Le

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  • ... [crypto] sector veteran and compliance expert TuongVy Le, a former Securities and Exchange Commission lawyer, argues that what Congress and the regulators are working on isn't just for today's digital assets space but for the core of the future financial system.

    Le, who has held top legal and regulator positions at Anchorage Digital, Bain Capital and the former Worldcoin (now World Network), told CoinDesk that she expects the new rules coming to her old regulatory employer will eventually govern the business at the heart of the markets. Migrating the securities and commodities transactions in traditional finance onto the blockchain is a dramatic move for a field that's been stuck in a legacy approach to handling transactions, rooted in lengthy clearing and settlement approaches established decades ago.

    ...

    She's so far been impressed with the changes congressional lawmakers have made in the latest discussion draft of the market-structure bill that is built on the back of the previous session's Financial Innovation and Technology for the 21st Century Act (FIT21), calling it "much more practical, workable and streamlined." She praised its approach to getting multiple types of transactions under the reach of single trading platforms and also its views on blockchain maturity.

    She said that the legislation underway in Congress right now will be a "huge unlock" for the industry, but the U.S. financial agencies, including the SEC and Commodity Futures Trading Commission, are already moving.

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    A
    No, fuck off with your scams.
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    X
    https://torrentfreak.com/internet-backbone-provider-hurricane-electric-sues-movie-companies-over-ridiculous-piracy-allegations-200612/ Hurricane Electric gets my vote.
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    tattorack@lemmy.worldT
    Europe created something called "the platform work directive", or something along those lines. Basically means that platform jobs (i.e. Uber, Wolt, Just Eat) can no longer operate under a so-called "freelance model". Basically, if it looks like you're hiring employees, you must give them contracts like employees (along with everything that entails). It's already been agreed upon, so it's a matter of implementation. It's considered a "pillar" of the EU now, so being part of the EU means having the directive. Deadline for the implementation, as I've heard from 3F Copenhagen, should be 2026. I can't wait.
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    roofuskit@lemmy.worldR
    It's extremely traceable. There is a literal public ledger if every single transaction.
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    If only they didn’t fake it to get their desired result, then maybe it could have been useful. I agree that LiDAR and other technologies should be used in conjunction with regular cameras. I don’t know why anyone would be against that unless they have vested interests. For various reasons though I understand that it isn’t always possible - price being a big one.
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    ulrich@feddit.orgU
    If you want a narrative, look at all the full-price $250k Roadster pre-orders they've been holding onto for like 8 years now with zero signs of production and complete silence for the last...5 years?
  • Everyone Is Cheating Their Way Through College

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    i can this for essay writing, prior to AI people would use prompts and templates of the same exact subject and work from there. and we hear the ODD situation where someone hired another person to do all the writing for them all the way to grad school( this is just as bad as chatgpt) you will get caught in grad school or during your job interview. might be different for specific questions in stem where the answer is more abstract,
  • Microsoft's AI Secretly Copying All Your Private Messages

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    Forgive me for not explaining better. Here are the terms potentially needing explanation. Provisioning in this case is initial system setup, the kind of stuff you would do manually after a fresh install, but usually implies a regimented and repeatable process. Virtual Machine (VM) snapshots are like a save state in a game, and are often used to reset a virtual machine to a particular known-working condition. Preboot Execution Environment (PXE, aka ‘network boot’) is a network adapter feature that lets you boot a physical machine from a hosted network image rather than the usual installation on locally attached storage. It’s probably tucked away in your BIOS settings, but many computers have the feature since it’s a common requirement in commercial deployments. As with the VM snapshot described above, a PXE image is typically a known-working state that resets on each boot. Non-virtualized means not using hardware virtualization, and I meant specifically not running inside a virtual machine. Local-only means without a network or just not booting from a network-hosted image. Telemetry refers to data collecting functionality. Most software has it. Windows has a lot. Telemetry isn’t necessarily bad since it can, for example, help reveal and resolve bugs and usability problems, but it is easily (and has often been) abused by data-hungry corporations like MS, so disabling it is an advisable precaution. MS = Microsoft OSS = Open Source Software Group policies are administrative settings in Windows that control standards (for stuff like security, power management, licensing, file system and settings access, etc.) for user groups on a machine or network. Most users stick with the defaults but you can edit these yourself for a greater degree of control. Docker lets you run software inside “containers” to isolate them from the rest of the environment, exposing and/or virtualizing just the resources they need to run, and Compose is a related tool for defining one or more of these containers, how they interact, etc. To my knowledge there is no one-to-one equivalent for Windows. Obviously, many of these concepts relate to IT work, as are the use-cases I had in mind, but the software is simple enough for the average user if you just pick one of the premade playbooks. (The Atlas playbook is popular among gamers, for example.) Edit: added explanations for docker and telemetry