House Republicans Push SEC To Repeal ‘disastrous’ SAB 121
The House and Senate Republicans alleged that by issuing SAB 121, the SEC avoided the Administrative Procedure Act’s notice and comment rulemaking procedure. Over 40 U.S. Republicans have urged the Securities and Exchange Commission (SEC) to repeal its “disastrous” rule, Staff Accounting Bulletin (SAB) No. 121. This request follows a bipartisan repeal bill that was […]
Bank of Canada Says AI May Trigger Inflation
Bank of Canada Governor Tiff Macklem warns of short-term AI risks to inflation and financial stability. Bank of Canada Governor Tiff Macklem recently stated that artificial intelligence (AI) investments could lead to short-term inflationary pressures and potentially cause financial stability issues. Macklem explained that AI could influence how businesses set prices, pointing out that digitally […]
Meta to Restart AI Training in UK Following Regulatory Halt
The tech giant will use public information, such as adult Instagram and Facebook posts, comments, photographs, and captions. Meta is set to use publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence (AI) models. The company will utilize publicly available posts, comments, photos, and captions from adult […]
USDC Issuer Circle Relocates Headquarters to New York Ahead of IPO
Circle is seen as critical to the mainstream adoption of cryptocurrencies, providing a bridge between fiat currencies and the digital economy. Circle, the issuer of the second-largest stablecoin, USDC, is relocating its global headquarters to New York City ahead of its planned Initial Public Offering (IPO). The company will establish its new base on “one […]
Crypto Super PAC Offers $660K to Senate Race as US Election Nears
With 57 days until the US election, Super PAC expenditure appears to ramp up in Massachusetts and nationwide. The Commonwealth Unity Fund, a political action committee (PAC) primarily supported by contributions from the co-founders of Gemini and Ripple Labs, has spent over $600,000 to back Republican candidate John Deaton in the U.S. Senate race. According to Federal […]