‘Godfather of AI’ advises UK government to start UBI
Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to twenty years. Go to Source
United States
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Crypto firms rally behind FIT21 bill approaching US House floor vote
Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule. Go to Source
US Senate passes resolution overturning SEC crypto rule on banks
U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets. Go to Source
Oklahoma’s new crypto law protects miners, sets blockchain legal framework
Oklahoma Governor Kevin Stitt enacted a law on May 13 that creates a legal framework for blockchain and safeguards miners’ activities. Go to Source
Two brothers manipulated Ethereum protocols to steal $25M — Justice Dept
U.S. officials said the individuals engaged in a “first-of-its-kind manipulation of the Ethereum blockchain” by tampering with its protocols over validating transactions. Go to Source
Former CFTC Chair Chris Giancarlo joins Paxos board
Former CFTC Chair J. Christopher Giancarlo founded the Digital Dollar Project and currently works as an advisory board member for the Chamber of Digital Commerce. Go to Source
Biden orders removal of Chinese-owned crypto miner near missile base
Entities owned by Chinese nationals “might take action that threatens to impair the national security of the United States,” said President Biden. Go to Source
CFTC announces $1.8M settlement against brokerage firm FalconX
The regulator reported the firm voluntarily improved its practices after the CFTC’s civil suit with Binance and its former CEO Changpeng Zhao. Go to Source
House overturns SEC’s anti-crypto guidance, Biden to veto: Law Decoded
U.S. President Joe Biden may block the U.S. House of Representatives’ decision. Go to Source
Uniswap CEO warns US President to reverse course on crypto policies
Hayden Adams suggested that crypto policies from the SEC and Senator Elizabeth Warren could hurt President Joe Biden’s chances for a second term. Go to Source