US Senate confirms Philip Jefferson as Federal Reserve vice chair
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036. Go to Source
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U.S. Senate wants companies to report investments in Chinese technologies
The Senate showed overwhelming support that would require U.S. companies to report any outbound investments into Chinese technologies. Go to Source Powered by WPeMatico
Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States. Go to Source Powered by WPeMatico
US Senators to have classified AI briefing at the White House
U.S. Senators will take part in the country’s first-ever classified Senate briefing on AI which will place in conjunction with the Department of Defense and Intelligence Community. Go to Source Powered by WPeMatico
North Carolina House passes bill to commission study on holding Bitcoin
The study would examine the possible impact of holding crypto and how the state would custody a digital currency. Go to Source Powered by WPeMatico
U.S. Senator Chuck Schumer calls for ‘comprehensive’ AI legislation
The U.S. majority senate leader plans to call for urgent bipartisan action from Congress to create “comprehensive legislation” for upcoming AI systems. Go to Source Powered by WPeMatico
US senators propose bill to eliminate section 230 protection for AI companies
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether section 230 even applies to AI. Go to Source Powered by WPeMatico
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central bank, a federal agency, or a foreign government issue a CBDC, its … Read more
Bitcoin derivatives favor further BTC price rally toward $30K
Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Go to Source Powered by WPeMatico
Elizabeth Warren is pushing the Senate to ban your crypto wallet
Elizabeth Warren is back with an Anti-Money Laundering act that would — among other things — make it mostly illegal for you to use your own crypto wallet. Go to Source Powered by WPeMatico
