Is Twitter Getting Serious About Decentralized Social Media?

<p><span style="font-weight: 400;">On this episode of “The Breakdown:”</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Corporate dips into decentralized media, starting with Twitter and TikTok</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Regulatory difficulties continue for Binance</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Crypto on the minds of Congress and the SEC</span></li> </ul> <p><span style="font-weight: 400;">Big corporations have been seeing crypto not just as a hype machine, but as a technological update opportunity. Twitter, for example, has found a new lead for its decentralized social media group Bluesky. TikTok has similarly dipped into decentralized media as it struck a deal with decentralized music app Audius. Which platforms will take on crypto next?</span></p> <p><span style="font-weight: 400;">Binance continues to come under regulatory scrutiny with the Netherlands as the latest country to issue a warning to the company. Even after CEO Brian Brooks left the company citing “differences in strategic direction,” Binance founder Changpeng “CZ” Zhao claims to continue to search for regulatory-minded people to join the company’s ranks.</span></p> <p><span style="font-weight: 400;">Regulatory focus continues in the U.S. as well, with members of the Securities and Exchange Commission, Commodity Futures Trading Commission and Congress hosting opposing opinions on how to regulate crypto. The disagreements continued this week, including a statement from the Fed’s Neel Kashkari bashing crypto and a letter from two congressmen requesting clarity from the SEC and CFTC. Will U.S. authorities ultimately come to an agreement on the best path forward?</span></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" r