Congress

AI Safeguards to be Focus of Congressional Hearings
AI Safeguards to be Focus of Congressional Hearings
September 08, 2023  |  Artificial Intelligence

The U.S. Congress is reportedly taking steps to address the potential risks associated with the rapid advancement of artificial intelligence (AI). Three hearings are scheduled...

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US Senate’s Return May Kick AI Regulation Into High Gear
US Senate’s Return May Kick AI Regulation Into High Gear
September 05, 2023  |  artificial intelligence

Summer is over, but the generative artificial intelligence (AI) revolution continues to march on. Many of the bleeding-edge large language models (LLMs) from firms like OpenAI, Google and Anthropic  were...

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Businesses Need to Chart Own Policy Path Around Using AI
Businesses Need to Chart Own Policy Path Around Using AI
August 29, 2023  |  artificial intelligence

Generative artificial intelligence (AI) has changed the game so fast that companies and governments alike are trying to play catch-up. That is because the innovation...

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HFSC Ranking Member Maxine Waters ‘Deeply Concerned’ About PayPal Stablecoin
HFSC Ranking Member Maxine Waters ‘Deeply Concerned’ About PayPal Stablecoin
August 09, 2023  |  Blockchain

The top Democrat on the House Financial Services Committee (HFSC), Rep. Maxine Waters, said she is “deeply concerned” about PayPal’s decision to launch a stablecoin....

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The Ripple Effect: What Proposed US Crypto Legislation Looks Like 
The Ripple Effect: What Proposed US Crypto Legislation Looks Like 
July 26, 2023  |  Cryptocurrency

The U.S. crypto crackdown started at the top, but the sector’s fractures were bottom-up.  Some of the digital asset industry’s biggest names, like Coinbase and...

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HFSC Chairman Says Bill Will Provide Digital Asset Regulatory Framework
HFSC Chairman Says Bill Will Provide Digital Asset Regulatory Framework
July 26, 2023  |  Regulation

A bill now in the U.S. House of Representatives would make it law that not all digital assets are securities. So said House Financial Services Committee (HFSC) Chairman Patrick McHenry in opening...

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US Lawmakers Prepare to Tackle Landmark Crypto Bill
US Lawmakers Prepare to Tackle Landmark Crypto Bill
July 26, 2023  |  Cryptocurrency

The cryptocurrency industry has long been asking Washington for more regulatory clarity. This week could finally put the sector on the road to that goal,...

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Report: SEC Chief Growing in Power as Crypto Proponents Stumble
Report: SEC Chief Growing in Power as Crypto Proponents Stumble
July 11, 2023  |  Cryptocurrency

In the battle of cryptocurrency vs. regulators, one regulator is apparently winning. A report Tuesday (July 11) by Bloomberg News looks at Securities and Exchange Commission (SEC) Chairman Gary...

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Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
June 21, 2023  |  Economy

Barely a week has gone by since the Fed “paused” its policy of hiking interest rates. And the pause may prove short-lived — signaling some...

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