California senator proposes ethical guidelines for AI contractors in the state
Senate Bill 892 would require the Department of Technology to establish safety, privacy and nondiscrimination standards for AI services.
Senate Bill 892 would require the Department of Technology to establish safety, privacy and nondiscrimination standards for AI services.
Community member Adriano Feria described the law as “stupid” and called the officials that created it “idiotic” on X.
The European Banking Authority will conduct a joint investigation with the European Systemic Risk Board and the Financial Stability Board.
South Korea’s financial regulator is concerned about illegal outflows and money laundering risks from citizens using credit cards to buy crypto from overseas exchanges.
The Legal Daily calls cryptocurrency an easily hidden means of bribery.
From amending the definition of "legal tender" to codifying a right to own self-hosted wallets, there is a lot of action Congress could take on crypto in 2024.
The SEC has not decided on multiple pending spot Bitcoin ETF applications, with many in the space split on how the commission will handle the investment vehicle.
Gold bug Peter Schiff warned that spot Bitcoin ETF approval could collapse the BTC market, while Matrixport says SEC greenlight is unlikely before Q2 despite general optimism.
A situation where a spot Bitcoin ETF issuer fakes the underlying BTC volumes is hypothetically possible in case an issuer violates the rules, Samson Mow said.
Bloomberg ETF analyst Eric Balchunas has issued an analysis of Grayscale's recently submitted prospectus. The document explicitly confirms Grayscale's cash-only acceptance for its fund, a stipulation met with no surprise given the firm's market position. Nevertheless, Balchunas noted the absence of any named authorized participants (AP) in the prospectus, a section that the Securities and Exchange Commission (SEC) typically expects to be completed. He expressed uncertainty over this omission, especially as Grayscale has previously appeared confident about this aspect of their fund. In addition, he highlighted another possible area of concern - the document's apparent lack of information regarding fees, another significant element that hasn’t been thoroughly addressed as per his observation. These details, or the lack thereof, leave open questions about the true structure and operation of Grayscale's proposed fund.