Steptoe Cyberlaw Podcast

It was a disastrous week for cryptocurrency in the United States, as the Securities Exchange Commission (SEC) filed suit against the two biggest exchanges, Binance and Coinbase, on a theory that makes it nearly impossible to run a cryptocurrency exchange that is competitive with overseas exchanges. Nick Weaver lays out the differences between “process crimes” and “crime crimes,” and how they help distinguish the two lawsuits. The SEC action marks the end of an uneasy truce, but not the end of the debate. Both exchanges have the funds for a hundred-million-dollar defense and lobbying campaign. So you can expect to hear more about this issue for years (and years) to come. I touch on two AI regulation stories. First, I found Mark Andreessen’s post trying to head off AI regulation pretty persuasive until the end, where he said that the risk of bad people using AI for bad things can be addressed by using AI to stop them. Sorry, Mark, it doesn’t work that way. We aren’t stopping the crimes that modern encryption