Jeff Tennery, CEO and Founder of freelancing platform Moonlighting, joins Cheddar to discuss the site's first initial coin offering coming next year. The cryptocurrency will be called "Moonbit" and the company hopes it will help millions of freelancers and entrepreneurs achieve their work-independence globally.
Tennery talks about entering the cryptocurrency space when the market is so volatile. He says Moonlighting is mainly using it for the benefit of international exchanges. Right now, people who do business on the site with someone overseas has to pay an exchange rate fee. He hopes using this system of "Moonbit" will eliminate that fee and allow freelancers to make more money.
Plus, he expects that major companies such as Apple and Amazon are quietly working on a system to pay designers and other employees in cryptocurrency. He says it could be a way companies use to pay salaries in the future.
Social media platform Reddit has sued the artificial intelligence company Anthropic, alleging that it is illegally “scraping” the comments of Reddit users to train its chatbot Claude.
President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be singed into law by Independence Day. And he’s pushing the slow-rolling Senate to make it happen sooner rather than later. Trump met with Senate Majority Leader John Thune at the White House early this week and has been dialing senators for one-on-one chats, using both the carrot and stick to encourage them to act. But it’s still a long road ahead for the bill. Senators want to make changes to protect Medicaid and to make sure some tax breaks become permanent. Elon Musk called the whole bill a "disgusting abomination.”
