Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. He is scheduled to appear before the Senate Banking Committee Wednesday (June 12) and the House Financial Services Committee Thursday (June 13) to present “The Semi-Annual Report of the...
With artificial intelligence (AI) rapidly advancing and permeating various aspects of society, lawmakers and government agencies are grappling with the challenges of regulating this technology. In Illinois, a flurry of bills aimed at addressing AI risks recently passed, while California emerged as a key player...
Twelve members of Congress are calling on the Biden Administration to work to free Binance executive Tigran Gambaryan from detention in Nigeria, saying he is being wrongfully detained and may have contracted malaria. The lawmakers made this request in a Tuesday (June 4) letter addressed...
The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence, digital money issued by a sovereign bank can effectively settle in near real-time using distributed...
June 10, 2024
Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. He is scheduled to appear before the Senate Banking Committee Wednesday (June 12) and the House Financial Services Committee Thursday (June 13) to present “The Semi-Annual Report of the Consumer Financial Protection Bureau.” But there’s a chance that the […]
May 29, 2024
The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence,...
April 24, 2024
The clock is running out on TikTok’s U.S. ambitions. President Joe Biden on Wednesday (April 24) signed a bipartisan measure that gives TikTok’s owner, Chinese tech giant ByteDance, nine months...
December 06, 2023
The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments innovation? As had been widely...
June 05, 2024
Twelve members of Congress are calling on the Biden Administration to work to free Binance executive Tigran Gambaryan from detention in Nigeria, saying he is being wrongfully detained and may have contracted malaria. The lawmakers made this request in a Tuesday (June 4) letter addressed to President Joe Biden and other administration officials, according to […]
May 24, 2024
The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress. The CBDC...
May 15, 2024
A bipartisan Senate group wants the government to spend at least $32 billion on AI. That funding, the senators said in a report issued Wednesday (May 15), would be spread...
May 10, 2024
A bill that promises regulatory clarity for digital assets has moved a step closer to a vote in the U.S. House. The House Committee on Rules said Friday (May 10) that it...
