Tag: Policies

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Trump at Bitcoin 2024: Vows to Make US the Bitcoin Superpower, Plans to Fire SEC Chair Gensler

On Saturday, July 27, 2024, the 45th president of the United States spoke to a massive crowd at the Bitcoin 2024 conference in Nashville. The event began with David Bailey, CEO of Bitcoin Magazine, presenting Trump with a 2013 Casascius physical bitcoin loaded with 1 BTC. “Bitcoiners know inflation better than anyone else,” Trump told…
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Stablecoin bill is a ‘no-brainer’ — Consensys director on US legislation

Consensys senior counsel and director of global regulatory matters Bill Hughes spoke at the North American Blockchain Summit on crypto bills and their role in politics. Amid ongoing campaigns for the elections in 2024, many United States lawmakers have not sealed the deal on legislation aimed at establishing regulatory clarity on aspects of the digital…
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Bim Afolami takes the reins on UK crypto policy as new Economic Secretary

Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next minister of state in the Department for Science, Innovation and Technology. King Charles II has approved the appointment of Member of Parliament Bim Afolami to the position of economic secretary to the Treasury of the United Kingdom. In a Nov.…
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NIST establishes AI Safety Institute Consortium in response to Biden executive order

Documentation from NIST states the consortium will adopt a “broad human-centered focus” with “specific policies.” The United States National Institute of Standards and Technology (NIST) and the Department of Commerce are soliciting members for the newly-established Artificial Intelligence (AI) Safety Institute Consortium.  Participate in a new consortium for evaluating artificial intelligence (AI) systems to improve…
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Crypto advocates weigh on race for next US House Speaker

Lawmakers are scheduled to return to the House of Representatives on Oct. 11 to vote on a replacement for Speaker Kevin McCarthy, whose position has been vacant for a week. At the time of publication, half of the legislative branch of the federal government of the United States was largely paralyzed following a vote ousting…
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Industry leaders and policymakers weigh in on a potential US gov’t shutdown

A U.S. government shutdown is not inevitable, but even if one lasts for just hours or days, lawmakers’ priorities on their return may not be digital assets. The United States House of Representatives has rejected a bill passed by the Senate aimed at funding the government, and Speaker Kevin McCarthy’s proposals have so far failed…
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Former White House official will lead Ripple’s policy and government arm

Ripple’s newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government. Lauren Belive, a former official with the White House’s Office of Legislative Affairs and policy director with the United States House Committee on Rules, has joined crypto firm Ripple as its head…
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Google launches Digital Futures Project with $20M in grants to support ‘responsible AI’

The launch comes ahead of a series of AI forums to be hosted by U.S. Senate Majority Leader Chuck Schumer. Google and its charitable arm, Google.org, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sept. 11.  The Mountain View company will invest a total of $20 million in…
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US lawmakers press SEC and FINRA on Prometheum’s broker-dealer approval

Members of the House Financial Services Committee questioned the “timing and circumstances” of FINRA approving Prometheum’s special purpose broker-dealer license in May. United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding how Prometheum obtained a…
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Blockchain Association calls for investigation into Prometheum over alleged ‘sweetheart’ SEC deal

The group raised concerns over Prometheum’s changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license. The United States-based crypto advocacy group Blockchain Association has submitted a letter to the Securities and Exchange Commission’s (SEC) Office of Inspector General calling for an investigation into crypto firm Prometheum.…
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