By Jason Gottlieb. June 13, 2023. (Bloomberg Law).
As Congress once again takes up the question of legislating digital assets and the Securities and Exchange Commission launches new broadsides against major industry players, remember what’s at stake in the fight over digital assets.
This fight isn’t just about cryptocurrency. It’s a much larger battle for the right to your digital life, and whether you actually own or control any part of it.
Everything is becoming digitized. Your emails, texts, tweets, photos, and videos are all a stream of digital encodings. Your phone calls are broken into digital pieces and conveyed in ones and zeroes. Your public persona is digital—your Facebook, Twitter, online dating profile, company webpage. Your entertainment is digital. Your Google searches. Your interactions with AI chatbots.