Us government Financial News

21.10 / 06:59

Government regulation us government white house Crypto-friendly Rep. Tom Emmer pursues nomination for House speaker

Crypto-friendly Republican Congressman Tom Emmer is pursuing a nomination to become House speaker, with the 62-year-old receiving endorsement from multiple lawmakers.

17.10 / 21:09

regulation us government NVIDIA OpenAI US expands export controls for AI semiconductor chips to China

The United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China.

13.10 / 10:41

Technology regulation us government Biden considers tightening AI chip controls to China via third parties

The United States government is considering additional measures to curb Chinese developers from gaining access to artificial intelligence (AI) semiconductor chips made in the U.S. via third parties.

13.10 / 04:49

Cybersecurity security us government data Space ChatGPT US Space Force pauses use of ChatGPT-like tools due to security fears: Report

The United States Space Force has temporarily banned its staff from using generative artificial tools while on duty to protect government data, according to reports.

10.10 / 16:05

Art Adoption SEC Scams Artists us government Meet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC

Street vendors abound in downtown Manhattan’s Financial District. But weeks ago, on Sept. 14, an especially unconventional seller set up shop in front of the United States Securities and Exchange Commission (SEC), transforming a patch of Maiden Lane into a colorful quilt of doormats, each spray painted with the straightforward instruction to “pull.”

06.10 / 00:23

business Twitter regulation SEC Tesla us government elon Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe

Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission hours after the regulator sued Musk alleging he failed to testify in its probe relating to his $44 billion Twitter (now X) purchase last October.

04.10 / 04:11

business regulation us government white house Senate Crypto-friendly Patrick McHenry takes interim House Speaker position

United States Representative and crypto-friendly lawmaker Patrick McHenry has been appointed as interim House Speaker after the high-profile ousting of U.S. House speaker Kevin McCarthy.

29.09 / 13:11

business Government Law regulation us government Court FTX’s $3.4B crypto liquidation: What it means for crypto markets

The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the United States Bankruptcy Court for the District of Delaware approved the sale of $3.4 billion worth of crypto assets.

28.09 / 12:37

business Department Of Justice us government FTX FTX founder’s plea for temporary release should be denied, prosecution says

The United States government sent a letter to Judge Lewis Kaplan on Sept. 27 stating that it opposes the motion by Sam Bankman-Fried (SBF) and his representation for temporary release from jail before his Oct. 3 trial. The judge is scheduled to hear arguments from both sides later today.

28.09 / 05:33

business regulation SEC coinbase us government Congress Winter Olympics 5 lowlights of Gary Gensler's evasive testimony before Congress

Blamed for “kneecapping” the U.S. capital markets and slammed for dodging questions around Bitcoin and Pokemon cards, Gary Gensler appears to have had one hell of a grilling from Congress this week.

27.09 / 11:37

business us government ChatGPT OpenAI CIA Investigations CIA to build its own ChatGPT-style AI bot for investigations: Report

The United States Central Intelligence Agency (CIA) is planning to build and deploy its own ChatGPT-style artificial intelligence (AI) bot for investigations, according to a report from Bloomberg.

27.09 / 02:39

business Mining us government Ponzi scheme Bitcoin Justice AirBit Club 'ponzi' co-founder gets 12 years prison

The co-founder of AirBit Club — a cryptocurrency pyramid scheme that swindled investors of over $100 million — has been sentenced to 12 years in prison for his role in a $100 million "pyramid scheme" that purported to be involved in crypto mining.

25.09 / 12:29

business Technology regulation us government us sanctions China to build giant AI chip factory to bypass US sanctions: Report

China seeks to build artificial intelligence (AI) chip factories for creating particle accelerators to help bypass sanctions affecting the local industry, according to a report from the South China Morning Post (SCMP).

20.09 / 06:09

business Adoption regulation us government Money laundering Tornado Cash Cross-Chain Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic.

14.09 / 15:45

Government Law Adoption us government Wyoming stablecoin: Are state digital currencies even possible?

In July, the American state of Wyoming shared an open job position for the head of its Stable Token Commission.

13.09 / 02:43

business Law regulation Fraud us government FTX Court SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD

Potential jurors in the upcoming criminal trial of former FTX CEO Sam Bankman-Fried could be asked their thoughts on crypto, effective altruism and attention-deficit disorder as his lawyers want to weed out those they consider unsuitable.

08.09 / 18:43

Government ETF SEC us government Opinion Bitcoin 10 years later, still no Bitcoin ETF — but who cares?

The first spot Bitcoin exchange-traded fund (ETF) application, filed in July 2013, was denied in both 2017 and 2018. A decade has passed since that initial application, and the Securities and Exchange Commission has rejected more than a dozen additional applications and repeatedly punted the date for deciding on others.

08.09 / 14:23

Social Media us government Elections AI usage on social media has potential to impact voter sentiment

Artificial intelligence (AI) usage in social media has been targeted as a potential threat to impact or sway voter sentiment in the upcoming 2024 presidential elections in the United States.

04.09 / 11:11

business Department Of Justice us government FTX Court Fried Sam Sam Bankman-Fried files memo asking court to block prosecutor evidence

Sam Bankman-Fried, the founder and former CEO of defunct cryptocurrency exchange FTX, has filed a memorandum on Sep. 1 asking the court to deny the prosecutor’s in limine requests.

01.09 / 14:25

regulation us government NVIDIA Middle east US regulators US regulators deny blocking AI chip exports to Middle East

The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from Reuters.

31.08 / 13:27

regulation us government US officials extend export curbs on Nvidia AI chip to ‘some Middle Eastern countries’

Regulators in the United States have asked Nvidia to curb exports of artificial intelligence (AI) chips to “some Middle East countries,” according to its latest quarterly report.

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