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Innovation

Consumer Electronics Industry’s Gary Shapiro Offers Kinder Words to Hollywood at CES Show Opener

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LAS VEGAS, January 8, 2013 – One year after Consumer Electronics Association President Gary Shapiro opened his technology trade show with a war cry against the entertainment industry, Shapiro this morning touted “two industries working together to solve problems” of sharing digital content.

In his welcoming remarks at the launch of the Consumer Electronics Show here, Shapiro welcomed five motion picture industry executives to tout the movie-sharing service UltraViolet.

This olive branch came just minutes after excoriating Hollywood for the entertainment industry’s aborted efforts to pass the Stop Online Privacy Act (SOPA) and the PROTECT IP Act (PIPA). The two bills in Congress advancing copyright interests stalled after Google, Wikipedia and a range of technology companies mounted a successful effort press legislators to abandon the bills.

“Some 40 members of Congress withdrew their names from that legislation, and it died,” said Shapiro, referring to the fall-out when Wikipedia and other sites went dark on January 18, 2012.

“There will never be SOPA or PIPA legislation with that name again,” Shapiro said. “It [would be] like calling your kid Adolph” after the wake of German dictator Adolph Hitler.

After that remark, Shapiro attempted to emphasize the positives of innovation-led collaboration in Washington. He sited his recent book, Ninja Innovation, and its efforts to highlight “collaboration, solving problems, [and not] always going to the government.”

Shapiro then touted UltraViolet as just such a collaboration. The free service is designed to let consumers share their movies in the broadband “cloud,” meaning that consumers are able to access content from a television, a computer, a mobile device or a game console.

Warner Brothers President Ron Sanders called the alliance a “great cross-promotion for the industry” and one that allowed consumers to “unlock the value” of their existing video libraries.

Joined on stage and executives from Sony Pictures, Universal Studios, 20th Century Fox and Lionsgate, Warner Brothers’ Sanders thanked Shapiro for his help in promoting alliance, which includes significant consumer electronics companies LG, Panasonic, Philips, Samsung, Sony, Toshiba and Vizio.

Such broadband cloud-based services enabling content sharing have proven difficult in an electronics ecosystem populated by multiple companies. Within a single company, Apple’s iCloud service is among the most successful service enabling smartphone-to-tablet-to-computer-to-television sharing. Apple employs digital rights management technologies to ensure entertainment-industry buy-in to the company’s cloud technology.

Shapiro also highlighted other priorities of the Consumer Electronics Association, which hosts the annual CES: fighting to stop “patent trolls,” or entities that assert patent rights against technology companies, and promoting small business growth through “strategic immigration.”

He also urged trade groups to join CEA in supporting federal budget-cutting initiatives, such as those put forward by the Simpson-Bowles Commission.

Editor’s Note: This story has been corrected from its original version.

Follow Broadband Breakfast’s coverage of the Consumer Electronics Show at http://twitter.com/broadbandcensus. Our goals for #CES2013 are to promote the upcoming series of Broadband Breakfast Club events; to get the latest information on how broadband is driving digital technologies in 2013; and to test ideas for a book on technology, broadband, and digital media that Broadband Breakfast’s Publisher Drew Clark plan to write in 2013. He is on Google+ and Twitter.

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Breakfast Media LLC CEO Drew Clark is a nationally respected U.S. telecommunications attorney. An early advocate of better broadband, better lives, he founded the Broadband Census crowdsourcing campaign for better broadband data in 2008. That effort became the Broadband Breakfast media community. As Editor and Publisher, Clark presides over news coverage focused on digital infrastructure investment, broadband’s impact, and Big Tech. Under the American Recovery and Reinvestment Act of 2009, Clark served as head of the Partnership for a Connected Illinois, a state broadband initiative. Now, in light of the 2021 Infrastructure Investment and Jobs Act, attorney Clark helps fiber-based and wireless clients secure funding, identify markets, broker infrastructure and operate in the public right of way. He also helps fixed wireless providers obtain spectrum licenses from the Federal Communications Commission. The articles and posts on Broadband Breakfast and affiliated social media, including the BroadbandCensus Twitter feed, are not legal advice or legal services, do not constitute the creation of an attorney-client privilege, and represent the views of their respective authors.

Crypto

Senators Join CFTB’s Chairman in Calling for Crypto Regulation in Light of FTX Implosion

CFTC Chairman Rostin Behnam called on Congress to institute robust disclosure regimes and barriers against conflicts of interest.

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Screenshot of Sen. Cory Booker, D-NJ

WASHINGTON, December 1, 2022 – The swift collapse of crypto exchange FTX is fortifying the public resolve of federal legislators and regulators to expand the executive branch’s power in digital asset markets, a Senate committee heard Thursday. 

Rostin Behnam, chairman of the Commodity Futures Trading Commission, told the Senate Agriculture, Nutrition, and Forestry committee his agency needs further statutory authority to protect consumers from harms in the digital assets space. The continued solvency of LedgerX, the only FTX affiliate subject to CFTC scrutiny, testifies to the efficacy of regulatory oversight, Behnam argued.

To prevent the recurrence of debacles like the FTX crash, Behnam called on Congress to institute a robust disclosure regime as well as barriers against conflicts of interest. Committee members denounced FTX’s failures and mirrored Behnam’s calls for congressional action.

A bill to further regulate digital asset markets has already been introduced, and continued revelations of FTX’s extensive mismanagement highlight its importance, supporters say.

Committee Chairwoman Debbie Stabenow, D-Mich., and Ranking Member John Boozman, R-Ark., in August sponsored the Digital Commodities Consumer Protection Act, which, in addition to enacting transparency and conflict-of-interest provisions, would require digital commodity platforms to register with the CFTC, crack down on allegedly abusive trading practices, and set cybersecurity standards.

“To be clear: there currently is no federal market regulation of spot crypto assets that are not securities. These include Bitcoin and Ether, the two most heavily traded crypto assets,” Stabenow said in prepared opening comments. “The Digital Commodities Consumer Protection Act does exactly that,” she added.

A spokesperson for Stabenow on Thursday told Broadband Breakfast there is not yet “a firm timeline” for the DCCPA’s passage.

“Millions of Americans have been scammed by this colossal FTX failure,” said Sen. Cory Booker, D-NJ, a co-sponsor of the DCCPA. “Their exposure has lost a lot of folks their resources, and for some people, their hopes and dreams and security.”

One senator, Kansas Republican Rodger Marshall, suggested instituting a “pause” on digital asset exchanges until effective regulatory tools are developed.

FTX was once considered a paradigm of crypto done right and founder Sam Bankman-Fried a visionary entrepreneur. Bankman-Fried – often referred to as “S.B.F.” – garnered much media attention and distinguished himself as an advocate of crypto regulation.

In early November, CoinDesk reported that FTX’s sister trading company, Alameda Research, had a balance sheet flush with FTX’s house digital currency, FTT. Shortly thereafter, rival exchange Binance announced it would dump its own FTT holdings, which sparked a massive user run on FTX and a correspondingly dire liquidity crisis. 

Binance agreed to acquire the flailing FTX but almost immediately reversed course, saying FTX was beyond saving. FTX filed for chapter 11 bankruptcy on November 11 and Bankman-Fried resigned as CEO. 

Further reports revealed that FTX had improperly siphoned billions of dollars in customer investments to Alameda’s risky investments. Such allegations of mismanagement have only amplified public outcry over the meltdown, which has cost FTX users billions of dollars.

FTX’s new chief, John J. Ray III, the executive who guided Enron through bankruptcy, wrote in a recent filing that he has never “seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

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Drones

Amazon Asks FCC to Allow Drones in 60-64 GHz Band in Preparation For New Delivery Service

Limited customer-facing operations are scheduled to begin this year for Amazon’s drone delivery service.

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Photo of Jaime Hjort, Amazon's head of wireless and spectrum policy

WASHINGTON, November 23, 2022 – Amazon on Friday continued its campaign to persuade the Federal Communications Commission to allow near–ground level drones to utilize the 60–64 GigaHertz band, a move the company said would make drone operations safer.

Amazon has long developed Amazon Prime Air, its drone-based delivery service. Then-CEO Jeff Bezos made a dramatic TV reveal in 2013, and limited customer-facing operations are scheduled to begin this year.

Allowing radar applications in this band would improve “a drone’s ability to sense and avoid persons and obstacles in and near its path without causing harmful interference to other spectrum users,” argued Friday’s letter, signed by Jaime Hjort, head of wireless and spectrum policy, and Kristine Hackman, senior manager of public policy.

In an October filing, cited in Friday’s letter, Amazon laid out its case more fully, stating that the proposed drone activity in the band would not clash with the existing operations of earth-exploration satellite services.

The company urged the commission to adopt a new perspective on drones, a novel technology: “A drone package delivery operating near ground level operates much more like a last-mile delivery truck than a cargo plane,” the October filing read.

Spectrum allocation is a top priority for lawmakers and experts, alike. Many believe increased spectrum access is vital to the development of next-generation 5G and 6G technologies as well as general American economic success.

In August, the FCC and National Telecommunications and Information Administration – overseers of non-federal and federal spectrum, respectively – announced an updated memorandum of understanding to better coordinate Washington’s spectrum policy. In September, the FCC announced the winners of the 2.5 GHz auction and approved a notice seeking comment on the 12.7–13.25 GHz band the next month.

A senior NTIA official in October stated his agency would create “spectrum strategy” that will rely heavily on public input.

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Innovation

Semiconductor Export Restrictions Could Harm U.S. Companies, Industry Says

The United States acted unilaterally, and its allies are not yet ‘on board,’ said the Semiconductor Industry Association.

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Photo of Jimmy Goodrich, vice president of global policy at the Semiconductor Industry Association

WASHINGTON, November 4, 2022 – The Department of Commerce’s recent export restrictions on semiconductors will make American companies less competitive in global markets unless U.S. allies agree to abide by similar measures, Jimmy Goodrich, vice president of global policy at the Semiconductor Industry Association, at a web panel Friday.

In October, Commerce prohibited the exportation to China of certain high-functioning chips necessary for supercomputers and moved to prevent other countries from providing China with certain semiconductors made with American technology.

The Commerce Department also limited American citizens’ ability to work with Chinese chip facilities. The restrictions were billed as a national security imperative and designed to limit the development next-generation, chip-dependent Chinese military technology.

However, the United States acted unilaterally, and her allies are not yet “on board,” Goodrich said.

Until allies opt into similar restrictions, the department’s new rules will “encourage the de-Americanization of [intellectual property] and supply chains,” Goodrich said. “If you’re a multinational company, you’re thinking about developing your intellectual property, where are you going to do it? Probably not the United States at this point.”

“You’re going to look to Singapore, Malaysia, India, Australia, where you may not face that type of regulatory environment,” he added.

China is a huge market for the American chip industry and related businesses, and based on the new restrictions, some firms are predicting revenue declines of $1 billion to $2.5 billion, Goodrich said.

“[The challenge] is balancing a national security with the economic security piece,” stated Paul Triolo, senior vice president for China and technology policy lead at the Albright Stonebridge Group. “There hasn’t really been a significant discussion of how China fits into [global] supply chains and under what conditions.”

Commerce added the export restrictions just two months after President Joe Biden signed into law the CHIPS and Science Act, which allocated $52.7 billion for domestic semiconductor research, development, manufacturing, and workforce development. Since CHIPS, Intel and others have announced or broken ground on several chip factories in the United States.

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