Three Things (5/17)
May 17, 2023
“I am very pleased that today we are delivering on our promise to start regulating the crypto-assets sector." – Elisabeth Svantesson, EU minister for finance of Sweden
AI 🤝Congress
OpenAI CEO Sam Altman testified before Congress on Tuesday addressing concerns about the potential impacts of generative AI tools. Altman, in his first hearing before a senate subcommittee, welcomed the introduction of licensing and other guardrails to regulate artificial intelligence technologies. He acknowledged the potential hazards associated with these advancements, noting election integrity, copyright infringement, and job losses. However, Altman believes that the benefits of these tools so far outweigh the risks. He urged lawmakers that they “work together to identify and manage the potential downsides so that we can all enjoy the tremendous upsides.” Given the rapid pace of development so far, hopefully, they can work fast… (Forbes)
Meet MiCA
Yesterday, the European Union finance ministers signed off on the world’s first comprehensive set of guidelines to regulate the crypto industry. The Markets in Crypto Assets (MiCA) regulation, expected to be rolled out in 2024, covers a variety of crypto assets, from utility tokens to stablecoins and crypto-asset service providers, such as trading platforms.
MiCA will require anyone issuing a crypto asset to obtain a license and introduces new anti-money laundering measures for crypto transfers. The landmark move adds pressure on the U.S. to accelerate its efforts towards stronger crypto regulation — an area where we have seemed to flounder so far.
Hybrid’s here to stay
As city office-occupancy rates have hit a plateau, the corporate world is embracing hybrid work strategies. Approximately 58% of companies now offer employees the flexibility to work partially from home, while the number of companies mandating full-time office presence has dropped to 42%. Workers are leveraging their position in the current labor market and pushing back against the traditional five-day office week.
Return-to-office rates have now settled around 50% of pre-pandemic levels, indicating a slow recovery. Even traditionally office-oriented financial-services companies are adopting hybrid policies. For better or for worse (depends on who you ask), hybrid is the new norm. (WSJ)
Cash Management
© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.
Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.
Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.
The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.
Cryptocurrency advisory services are provided by Titan.
Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.