Lobby Financial News

Tech leaders have been vocal proponents of the need to regulate artificial intelligence, but they’re also lobbying hard to make sure the new rules work in their favor

TOKYO (Reuters) — Japan's top business lobby Keidanren will discuss at next month's executive meeting the potential negative impact of the yen's weakness on the economy, the Yomiuri newspaper reported on Tuesday.

Over $20 million has been spent on crypto-related lobbying in the United States this year, a new report shows.

With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million.

A proposed ban on noncompete agreements has come under a fierce attack by business groups in New York

WASHINGTON—Titans of Silicon Valley are descending on Washington Wednesday to brief U.S. senators on artificial intelligence, in a meeting aimed at advancing nascent efforts to regulate the new technology. The closed-door all-senators’ session, organized by Senate Majority Leader Chuck Schumer (D., N.Y.), will feature Elon Musk, Mark Zuckerberg, Bill Gates and more than a dozen other executives and civil-society leaders.

Greaves Electric Mobility (GEMPL), India’s fifth largest electric two-wheeler maker, has sent a notice to the Society of Manufacturers ofElectric Vehicles (SMEV) to remove any reference to it on the latter’s website as it is not a member of the lobby body.

Uranium should be added to Australia’s critical minerals list and the government should consider domestic enrichment of the nuclear fuel, according to the Minerals Council of Australia.

The United States crypto mining industry is getting a new lobbying group, with one of its biggest goals to dispel misconceptions about its sustainability from policymakers. 

lobby groups have told the government that their OTT platforms are ensuring compliance with IT Rules even before the content is published. The Indian Digital Media Industry Foundation (IDMIF) and the Internet and Mobile Association of India (IAMAI) have, in separate but identical letters, to the ministry of information and broadcasting (MIB) said that OTT platforms have agreed to go through a thorough process to ensure that the content they produce is in accordance with the Code of Ethics of the IT Rules 2021.

A UK crypto industry group has raised concerns about the potential negative consequences of a proposed ban on incentives by the Financial Conduct Authority (FCA). 

By Simon Lewis and David Brunnstrom

Semiconductor Industry Association trade group on Monday called on the Biden administration to «refrain from further restrictions» on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China policy.

₹554.2 crore for F&B in the first half of FY23, up 3% compared to the same period of FY20. It was at 32% of overall income.

A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle and Fidelity has urged the United States Congress to pass a legal framework for digital assets or risk falling behind other nations.

Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA).

The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby in Rome. 

Binance, the world’s largest crypto exchange by trading volume, has joined the Chamber of Digital Commerce in a move that is expected to boost its lobbying power over new crypto regulations.

Washington-based trade group Blockchain Association has announced that it will be launching a Political Action Committee (PAC) in a bid to support pro-crypto candidates.

Cryptocurrency exchanges and blockchain companies are trying to cobble together their own independent association after Internet and Mobile Association of India (IAMAI)dismantled Blockchain and Crypto Assets Council (BACC) last week in a surprise move, bringing to an end an affiliation in which both sides were increasing taking divergent stances on key issues. Industry insiders said preliminary talks are on between key stakeholders, but a new association will take time to form as key stakeholders are still to find a common ground. The differences between the two camps (IAMAI and BACC) had been simmering for many months, with crypto players feeling that IAMAI wasn’t doing enough to push their cause, while the industry body felt that the crypto players needed to do more in terms of compliance with government regulations.

Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks.