Rep. David Schweikert, featured as a lawmaker “very supportive” of crypto in the United States, paid $175,000 as part of a settlement related to violations of House ethics rules. United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11…
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John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024. The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark.…
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The U.S. Federal Election Commission unanimously voted to advance a petition to regulate political ads that use artificial intelligence. The United States Federal Election Commission (FEC) voted unanimously on Aug.10 to advance a petition that would potentially regulate deep fakes in political ads generated by artificial intelligence (AI). The petition targets ads that use AI to…
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ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm’s spot BTC ETF application. The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management. In an Aug.…
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The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global. The United States Securities and Exchange Commission (SEC) has announced an agreement with crypto trading platform Bittrex and co-founder and former CEO William Shihara for operating an unregistered exchange. In an Aug. 10…
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The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments. The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems. A tense relationship is developing…
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Rep. Maxine Waters said she was “deeply concerned” about PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it “hold[s] promise.” PayPal’s launch of a U.S. dollar-pegged stablecoin has prompted questions from Democratic members of the House Financial Services Committee, while Republican leadership said the coin showed the potential of regulatory…
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It’s unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried’s trial in October. Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States. According to an Aug. 8 Bloomberg report, lawyers for…
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Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge. The United States Attorneys’ Office has announced another superseding indictment against former FTX CEO Sam Bankman-Fried, also known as “SBF,” which will include consideration of an allegedly illegal…
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Lawyers for Coinbase cited precedent from the SEC v. Ripple case, in which a judge ruled that XRP largely did not qualify as a security by the commission’s standards. United States-based cryptocurrency exchange Coinbase has filed a motion to dismiss a lawsuit brought by the Securities and Exchange Commission in June. In an Aug. 4…
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