This episode is sponsored by EY.The process of rule-making to determine a ‘Security’ is an unsettled issue that may need to be resolved in court. And separately, why the rise of AI, requires effective governance. On this episode of “Money Reimagined,”  Michael Casey and Sheila Warren first, examine the latest regulatory news concerning the SEC's suit against both Binance and Coinbase, as well as the implications for the crypto industry and all government agencies. They are then joined by Kurt Hemecker; COO of the Mina Foundation, the public benefit corporation serving the Mina Protocol, to discuss a different area of regulation; artificial intelligence governance. Topic Links:SEC Sues Crypto Exchange Binance, CEO Changpeng Zhao Over Multiple Securities Violation AllegationsSEC Sues Coinbase on Unregistered Securities Exchange AllegationsU.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's GenslerWhat AI Governance Can Learn From Crypto’s Decentralization EthosSummary List:The timing of the lawsuits is interesting. Implications for the industry and all agencies.The suit against Coinbase is different from other cases.What’s next for Coinbase? Comprehensive complaint against Binance.How the industry is reacting to this complaint.Binance and the asset freeze.Introduction to Mina Foundation and the MINA protocol.Mina, a layer one blockchain using zero-knowledge technology.Programmability layer.The definition of zero-knowledge proof. Zero-knowledge proof and AI.The rise of AI and the importance of governance.Ethics and bias in voting- AI. How to stop governance from being taken over by actors.How zero knowledge can help with the voting process.Transparency is what matters.The black box in AI.How web three can work in conjunction with the concept of decentralization.Transparency is not everything you need. Are we seeing a deep fake on Twitter? The need for a centralized or decentralized verification system.Proving humaneness on the blockchain.Do we trust tech more than people? How the crypto industry is being perceived by some.The arc of history will show where things are landing. Regulation and compliance need to meet.---Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.From our Sponsor: EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.