Crypto Gets Its Rulebook

Mar 18, 2026 20m

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Episode Description

At long last, the government has issued guidance to crypto on what is or is not allowed. The blowup from gamers has caused Jensen to push back. A tale of contrasting IPOs from wildly different industries. And is your boss about to ask you to submit expense reports for your token use? SEC, CFTC Move to Define Which Digital Assets Are Securities (Bloomberg) Jensen Huang says gamers are 'completely wrong' about DLSS 5 — Nvidia CEO responds to DLSS 5 backlash (TomsHardware) Meta to Discontinue Key Metaverse Product for VR Headsets (Bloomberg) AI Drone Software Stock Jumps 520% in Best IPO Since Newsmax (Bloomberg) Crypto exchange Kraken freezes multibillion-dollar IPO plan due to difficult market conditions (CoinDesk) Apple Cracks Down on ‘Vibe Coding’ Apps (The Information) You’ve Finally Figured Out AI at Work—Now Comes the Bill (WSJ) Learn more about your ad choices. Visit megaphone.fm/adchoices

AI-Generated Summary

US Government's Crypto Guidance

At long last, the U.S. government has issued guidance on which digital assets are considered securities, clarifying roles between the SEC and CFTC. Key highlights include the categorization of stablecoins, digital collectibles, and digital commodities as non-securities. The SEC also plans to introduce a safe harbor regulation to aid crypto startups in launching investment contracts without immediate registration, potentially increasing access to capital for innovators.

Nvidia Responds to Gamer Criticism

Jensen Huang, CEO of Nvidia, defended the new DLSS-5 technology against vocal criticism from gamers claiming it homogenizes visuals. Huang explained that DLSS-5 utilizes generative AI for nuanced control over game geometry and textures, allowing developers to retain artistic control. He encouraged developers to utilize the tool creatively, emphasizing its potential for enhancing game graphics rather than detracting from them.

Meta's VR Strategy Shift

Meta is halting access to Horizon Worlds on Quest headsets, focusing instead on mobile experiences amidst a significant reduction in Reality Labs' workforce. This follows substantial investments in the metaverse, where Meta’s future direction now leans towards wearable products and artificial intelligence instead of fully immersive virtual environments.

Contrasting IPOs: Swarmer vs. Kraken

The euphoria surrounding Swarmer's IPO, which saw its stock surge by 520% following its NASDAQ debut, highlights investor appetite for defense tech amidst rising military spending. Conversely, Kraken has paused its IPO plans due to disappointing market conditions, reflecting caution in the crypto markets. The contrasting fortunes point to a broader shift in investor focus toward traditional sectors and AI-powered innovations.

Corporate AI Token Management

Companies like Zapier are now tracking AI token utilization among employees to assess productivity, enhancing understanding of costs involved in AI deployment. Metrics surrounding token consumption are becoming crucial as firms seek to optimize their AI strategies, revealing potential inefficiencies or opportunities among team members utilizing AI tools.

Apple's Vibe Coding Enforcement

Apple is cracking down on vibe coding apps for allegedly violating App Store rules, which could hinder developers from pushing updates. The decision raises concerns about Apple's oversight of innovative tools that have been integral in enhancing app development, as it grapples with balancing profitability against the growth of the developer ecosystem.