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The crypto industry is advancing. (Just don’t ask it where it’s going.)
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After a dramatic start to the year, the crypto industry is settling into a new reality — one in which the White House is laying out the red carpet and promising an unprecedented level of support.Crypto, a roughly 15-year-old industry that’s largely operated on the fringes of finance, is at a crossroads. For years, it has blamed a hostile regulatory environment for not allowing it to unleash its supposedly revolutionary technology on Americans. Now, though, their favorite bogeyman, Gary Gensler, the Securities and Exchange Commission chief under President Joe Biden, is gone. Crypto cheerleaders have been installed throughout the government.
The SEC has dropped several enforcement cases against crypto companies and, starting Friday, is hosting a series of public roundtables “to discuss key areas of interest in the regulation of crypto assets.”
Under President Donald Trump, there’s virtually nothing stopping crypto companies from creating and selling their products.
At the same time, the same White House’s chaotic trade policy is undermining financial markets’ appetite for risk, leaving bitcoin in limbo, more than 20% off from its record high in January. And while the industry is grateful for all the attention, the White House’s embrace of some of crypto’s less savory aspects, like meme coins, has given serious investors pause.
Given the enormous potential for the $3 trillion industry in this moment, I checked in with Eswar Prasad, a Cornell University professor of international trade and the author of the 2021 book “The Future of Money,” about the forces disrupting financial technologies.
Fundamentally, Prasad brings a pragmatist’s view of crypto that is as refreshing as it is rare in a subject area that tends to attract zealots and loudmouths. We spoke over the phone shortly after the first-of-its-kind White House crypto summit earlier this month.
The following interview has been edited for length and clarity.
Nightcap: We just saw a pretty wild thing happen with the crypto summit — hard to imagine a scenario like that taking place under any previous administration. What were your takeaways?
Eswar Prasad: The crypto industry is kissing the ring, and I think it’s getting exactly what it wants from the Trump administration, which is the legitimacy provided by government oversight, coupled with what is almost certain to be quite light touch and non-inclusive regulation.
And I think we saw many of the major players in the crypto industry essentially using the opportunity to not just thank Trump, but try to make the point, which seemed to resonate with Trump, that this industry can power, in some sense, a resurgence of a certain part of the US economy.
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‘We don’t want the American Dream for our kids’: Why this couple left the US for Ecuador with their children four years ago
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They’d never even visited Ecuador before, but Brittany and Blake Bowen, from the United States, decided to move to the South American country in 2021 to give their four children a completely different upbringing.The Bowens, who were previously based in the state of Washington, have been living in Loja, a small city based in the southern section of the Andes Mountains, ever since, and say that they are in it for the long haul.
“We love this little country,” Brittany tells CNN Travel. “We hope that maybe we’ll have grandkids here one day.”
Before the move, the couple, who’ve been married for nearly 17 years, say that they were becoming increasingly concerned about the pressures placed on children by “modern American society” and wanted to try something new.“We did not like what we’d seen develop over the course of the last couple decades…” adds Brittany, explaining that they felt that young people in the United States were becoming “more isolated.”
“We weren’t confident that our kids would enjoy the same sort of potential trajectory that previous generations had shared.
“And the more we considered things like that, the more we wondered, ‘Is that even what we want? Do we even want them to be on a fast track to the American Dream?”
The couple were also frustrated with living what they describe as the “standard American life.”
“Long commutes and never enough money,” says Blake. “All those usual problems… I was working in a career that was very time consuming, and took me away from home a lot. So we didn’t want that anymore.”
So why did they choose Ecuador as their “new home”?
Аренда яхты в Москве
Аренда яхты в Москве – это доступный и увлекательный способ провести время на воде, наслаждаясь живописными пейзажами столицы и ее окрестностей. Яхты предлагают уникальные возможности для отдыха, мероприятий и романтических прогулок. С каждым годом все больше людей выбирают аренду яхт, чтобы создать незабываемые воспоминания, будь то празднование дня рождения, свадьбы или просто отдых с друзьями.
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Снять яхту в Москве
Чтобы снять яхту в Москве, вам достаточно учитывать несколько ключевых моментов. Во-первых, важно определить тип яхты, который вам нужен. Существуют моторные, парусные и экскурсионные яхты, каждая из которых обладает своими особенностями и преимуществами. Для небольших компаний подойдут уютные моторные яхты, а для больших мероприятий – просторные парусные или катамараны с несколькими палубами.Преимущества аренды яхты:
Комфортабельность: Современные яхты оборудованы всем необходимым для комфортного времяпрепровождения: уютные каюты, кухня, отдельные санитарные узлы и зоны для отдыха.
Эстетика: Прогулки на яхте позволяют насладиться великолепными видами на Московское море, парк Коломенское и другие живописные уголки.
Гибкость в организации: Вы можете выбрать маршрут, чтобы посетить понравившиеся места или устроить остановки для купания и отдыха.
Аренда яхт в Подмосковье
Аренда яхт в Подмосковье – это отличное решение для тех, кто хочет провести время вдали от городской суеты. Многие водоемы в этом регионе идеально подходят для яхтенных прогулок. Исследуя Подмосковье, вы можете насладиться красивыми природными пейзажами, увидеть исторические места и просто расслабиться на природе.Почему стоит арендовать яхту в Подмосковье:
Разнообразие маршрутов: В Подмосковье множество рек и водоемов, таких как река Москва, Волга, Ока и многие другие, которые открывают перед вами широкий выбор маршрутов.
Спокойствие и уединение: Вы можете отдохнуть в тишине природы, насладиться атмосферой удаленности и уединения, что так приятно после напряженных будней.
Организация мероприятий: Аренда яхты может быть идеальным вариантом для проведения корпоративов, дни рождения, праздничных мероприятий или просто для романтического ужина на воде.Arctic auroras
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For getting around during winter, the Inuit here nowadays prefer snowmobiles, although they still keep their sled dogs. During winter they’ll offer intrepid visitors, wrapped up warm against the deep-freeze temperatures, dog-sledding jaunts. These can last either an hour or be part of expeditions over several days, sometimes with the added experience of learning how to build an igloo. Sisimiut on the west coast and Tasilaq in the southeast are active winter centers for dog sledding.Winter’s most stellar attraction, though, is northern lights watching. With little urban light pollution, Greenland is a dark canvas for spectacular displays, and aurora borealis-watching vacations are becoming more popular.
Staying outdoors, Greenland is developing a reputation among adventure enthusiasts: from long-distance skiing expeditions and heliskiing on the icecap to hiking the 100-mile-long Arctic Circle Trail from Kangerslussuaq, where firearms need to be carried for warning shots in case of polar bear encounters.
Life is definitely changing here. The climate crisis is eating away at its icecap and Greenland may well end up as a pawn in a game of geopolitical chess. But for now, the bright glare of international attention should shine a favorable light on one of the wildest travel destinations on Earth.
Travel writer Mark Stratton is an Arctic specialist who has traveled to Greenland six times and counting. He’s marveled at the aurora borealis, sailed to Disko Island, dog-sledded with the Inuit, and once got stuck in an icefloe.
While the Cumberland sample may contain longer chains of fatty acids, SAM is not designed to detect them. But SAM’s ability to spot these larger molecules suggests it could detect similar chemical signatures of past life on Mars if they’re present, Williams said.
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“Curiosity is not a life detection mission,” Freissinet said. “Curiosity is a habitability detection mission to know if all the conditions were right … for life to evolve. Having these results, it’s really at the edge of the capabilities of Curiosity, and it’s even maybe better than what we had expected from this mission.”Before sending missions to Mars, scientists didn’t think organic molecules would be found on the red planet because of the intensity of radiation Mars has long endured, Glavin said.
Curiosity won’t return to Yellowknife Bay during its mission, but there are still pristine pieces of the Cumberland sample aboard. Next, the team wants to design a new experiment to see what it can detect. If the team can identify similar long-chain molecules, it would mark another step forward that might help researchers determine their origins, Freissinet said.“That’s the most precious sample we have on board … waiting for us to run the perfect experiment on it,” she said. “It holds secrets, and we need to decipher the secrets.”
Briony Horgan, coinvestigator on the Perseverance rover mission and professor of planetary science at Purdue University in West Lafayette, Indiana, called the detection “a big win for the whole team.” Horgan was not involved the study.
“This detection really confirms our hopes that sediments laid down in ancient watery environments on Mars could preserve a treasure trove of organic molecules that can tell us about everything from prebiotic processes and pathways for the origin of life, to potential biosignatures from ancient organisms,” Horgan said.Dr. Ben K.D. Pearce, assistant professor in Purdue’s department of Earth, atmospheric, and planetary sciences and leader of the Laboratory for Origins and Astrobiology Research, called the findings “arguably the most exciting organic detection to date on Mars.” Pearce did not participate in the research.
