Episode 527
📍 The US Senate's new digital assets subcommittee held its first hearing, focusing on stablecoin legislation and market structure, with lawmakers aiming to create a bipartisan framework for both by the end of the year.
📍 Anthropic's new AI model, Claude 3.7 Sonnet, has taken the top spot in creative writing and coding capabilities, outperforming competitors like Grok-3 and OpenAI, but lags behind in math and lacks features like web browsing and image generation.
📍 The SEC has dropped its investigation into Gemini, but the exchange's co-founder, Cameron Winklevoss, is demanding recompense for the costs and damage caused by the probe, calling for the SEC to reimburse defendants for legal costs and publicly fire staff members involved.
📍 US lawmakers have delayed their timeline for passing digital assets market structure legislation, pushing back their goal to the end of the year, amid struggles to honor pro-crypto election promises and a broader retreat from establishing a Bitcoin stockpile in the US Treasury.
