Trading Cryptocurrencies Like Hard Assets
Dan Morehead, Pantera Capital, Founder and Managing Partner, joined Open Interest to talk about trading cryptocurrencies during times of geopolitical uncertainty and fundraising for companies in the crypto space with loosening regulations. (Source: Bloomberg)
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THC advocates praise Gov. Greg Abbott's veto of bill banning products in Texas
THC business owners applaud Texas governor's veto of bill that would have banned product THC business owners applaud Texas governor's veto of bill that would have banned product THC business owners applaud Texas governor's veto of bill that would have banned product Those who market and sell THC-based products are praising Texas Gov. Greg Abbott's veto of the bill that would have banned those products in the state. Late Sunday night, Abbott vetoed Senate Bill 3, after it passed in both the House and Senate during the 89th legislative session. Eddie Velez restocked his shelves inside Oak Cliff Cultivators on Monday, replacing the in-demand edibles, mints and other items set for state-imposed elimination. Velez leads the Texas Hemp coalition, the group of CBD shop owners at the heart of the political fight against the legislature's approved ban of all THC-laced products. "There's no reason to ban this, it's not harmful," said Velez. "It does not kill people." He thanked the governor for vetoing that ban. "I think the governor heard loud and clear from the citizens of Texas, they don't want a ban," said Velez. "They want these products, responsible access to these products." Velez and thousands of others sent letters to the governor, saying better regulation of THC products was needed, but a ban would shut down over 8,000 businesses. In northeast Dallas, House of Healing CBD shop operators also faced potential shutdown until the governor's veto. Manager Patrick Neeley accused conservative lawmakers of having one goal regarding THC. "Control, 100%," said Neeley. "There are lawmakers that just don't want this. They are trying to control Texans, and that's who I think today was a huge victory for." Abbott said he will call a special session of the legislature on Monday, July 21, to address SB 3 and other issues.
Fast Company
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Public sector AI will succeed (or fail) based on context
Public servants today face a double burden: They're simultaneously charged with running our most important community functions—like disaster preparedness and administering elections—while the technology at their disposal is outdated and ill-fitted to the job. The rise of AI has upended how private companies operate, but public servants across agencies lack AI tools designed specifically with government work in mind. In a perfect world, public servants could trust mass-market AI. But provisioning critical services requires a high bar. Quickly deploying technology prone to generating inaccuracies is an unacceptable tradeoff for those solving society's hardest problems. Few of us would be happy to get our mail a day earlier if it meant 10% of our mail never came. The tradeoff is more acute when public servants are working to end homelessness or reinvigorating economic development. 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Siloed technology destroys context Government work is inherently collaborative. Cybersecurity officials work with state and federal counterparts, and homelessness coordinators work with public health departments. But there is a fundamental mismatch between the collaborative nature of government work and the silos of most technology. Today's AI tools generally serve single organizations, lacking functionality to enable cross-agency collaboration. When FEMA responds to disasters, utilities, hospitals, shelters, and community organizations all play key roles. Public servants coordinate these nongovernment partners, but isolated AI systems can only access information within their own agencies—missing the context that lives across organizations. And the work doesn't happen in siloed agency folders. It happens in email threads, texts, unshared working documents, and view-only, versioned, and immediately outdated shared documents. These disconnected digital workspaces destroy context. 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Bloomberg
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