The cryptocurrency exchange Coinbase announced that the Securities and Exchange Commission has agreed to drop its lawsuit against the company, signaling a retreat by federal regulators and lifting a legal cloud over the global crypto industry. The S.E.C. sued Coinbase in 2023 for selling unregistered securities, but a settlement agreement has been reached without financial penalty, pending S.E.C. approval, marking a significant victory for the industry after years of legal battles and potential regulatory threats. This resolution reflects a broader trend of billionaire tech executives influencing softer crypto regulation in Washington, with Coinbase CEO Brian Armstrong being one of the wealthiest tech executives in the country.
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Cloudflare will now block AI crawlers by default
Cloudflare will block known AI web crawlers by default to prevent unauthorized access to content and is introducing a “Pay Per Crawl” program for publishers to set fees for AI access. This initiative aims to protect original content and is already supported by major publishers as Cloudflare collaborates with AI companies to verify their crawlers' purposes. Explain It To Me Like I'm 5: Cloudflare will now automatically block AI web crawlers from accessing websites without...
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