California removes teeth from AI law without addressing tech’s core concerns
The law appears more corporate friendly, but the implications for consumers are a bit murkier. Go to Source
Regulation
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Texas Senator discloses up to $100K BTC after blockchain endorsement
After visiting a Bitcoin mining facility and receiving the endorsement of a blockchain advocacy group, Senator Ted Cruz reported purchasing up to $100,000 worth of BTC in 2023. Go to Source
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he … Read more
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan … Read more
‘I expect to see no mention of Bitcoin’ — MARA CEO on Harris’ platform
Depending on the November presidential election outcome, Fred Thiel said he would consider “looking outside the US” for Bitcoin mining firm MARA’s operations. Go to Source
Binance reaches $1.7M agreement with Brazilian securities regulator
Brazil’s CVM issued a warning to the crypto exchange in 2020 that it was offering residents derivatives products without authorization. Go to Source
US Senate Majority Leader to speak at crypto event for Kamala Harris
Senator Chuck Schumer and 10 Democratic senators sided with Republicans to pass a resolution overturning an SEC rule on banks holding crypto, later vetoed by President Biden. Go to Source
Harris campaign is making a ‘concerted effort’ on crypto — Circle CEO
Jeremy Allaire discussed his impressions of Harris campaign representatives on crypto after attending a video call with industry leaders, White House officials, and US lawmakers. Go to Source
Crypto could get boost from younger, tech-savvy Harris administration
A Harris administration could be younger and more pragmatic and bring “a fresh perspective toward crypto,” some believe. Go to Source
FBI will ‘neither confirm nor deny’ the existence of Satoshi records
An investigative journalist reported that the FBI issued a standard ‘Glomar response’ to a request for information on Satoshi Nakamoto but with an “interesting assertion.“ Go to Source