Issued Monday, President Biden’s executive order is aimed at potential threats posed by artificial intelligence, but critics of the White House action wonder if innovation could be stifled.
The Biden Administration Is Politicizing Crypto
With crypto exchange Coinbase (COIN) last week receiving a Wells Notice signaling impending action from the SEC, and with the CFTC this week suing Binance, another crypto exchange, it feels like the crypto industry is at war with the U.S. government. This could get bad.
US lawmaker blames ‘billionaire crypto bros’ for delayed legislation
The collapse of FTX has raised alarm bells across Washington D.C.
Bank of Canada collaborating with MIT on CBDC research
The bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.”
Janet Yellen let slip details of Biden’s executive order on crypto
The Treasury’s statement came a day early and was removed from the site, but not before the details of how Secretary Yellen plans to respond to President Biden’s forthcoming order.