One of the biggest stories in crypto right is the news that the Financial Crimes Enforcement Network (FinCEN) branch of the U.S. Treasury is working on cracking down on self-hosted wallets in crypto. A document that outlines the proposed rule suggests that exchanges and other virtual asset service providers will need to verify the name…
A bipartisan congressional compromise has put the digital dollar debate back in focus, with lawmakers moving forward on a package that would block the Federal Reserve from issuing a central bank digital currency until December 31, 2030. TL;DR The CBDC ban is part of a broader legislative compromise. The measure would block Fed CBDC issuance…
The majority of US politicians are anti-crypto and Bitcoin. Either through fear, or lack of knowledge, they view digital currencies as a threat to their own system which is highly controlled and often manipulated. One congressman however thinks Facebook should dump Libra in favor of Bitcoin. Libra is Still a “Shitcoin?” Ohio state congressman Warren…
House Democrats are pressing the SEC on AI-powered investment advisers, highlighting regulatory anxiety around automated financial advice and algorithmic conflicts. TL;DR Lawmakers are asking the SEC how it supervises AI-based investment advice. The concerns include hallucinations, conflicts of interest and consumer safeguards. The issue overlaps with crypto trading bots and automated portfolio tools. AI Financial…