Congress

AI’s Growing Role in Finance Brings Opportunity and Risk, House Panel Finds
AI’s Growing Role in Finance Brings Opportunity and Risk, House Panel Finds
July 18, 2024  |  artificial intelligence

Artificial intelligence (AI) is set to revolutionize finance and housing, bringing both game-changing benefits and thorny new risks that demand vigilant oversight, a bipartisan House...

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Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
June 10, 2024  |  CFPB

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...

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AI Regulations: Illinois Tackles Deepfakes and EEOC Taps New AI Chief
AI Regulations: Illinois Tackles Deepfakes and EEOC Taps New AI Chief
June 05, 2024  |  artificial intelligence

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....

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US Lawmakers: Binance Executive Tigran Gambaryan ‘Wrongly Detained’ in Nigeria
US Lawmakers: Binance Executive Tigran Gambaryan ‘Wrongly Detained’ in Nigeria
June 05, 2024  |  Legal

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...

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CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
May 29, 2024  |  CBDC

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...

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Ripple Pledges $25 Million Yearly to Crypto Super PAC 
Ripple Pledges $25 Million Yearly to Crypto Super PAC 
May 29, 2024  |  Cryptocurrency

Ripple has donated another $25 million to pro-cryptocurrency political action committee (PAC) Fairshake. And there’s more where that came from, the blockchain payments company’s CEO told...

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US House Passes Bill Requiring Congressional Authorization for CBDC
US House Passes Bill Requiring Congressional Authorization for CBDC
May 24, 2024  |  CBDC

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...

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This Week in Web3: Crypto Payment Rails and Regulatory Clarity
This Week in Web3: Crypto Payment Rails and Regulatory Clarity
May 15, 2024  |  Cryptocurrency

As Nathaniel Hawthorne wrote in the1800s, “families are always rising and falling in America.” And the same holds true for the cryptocurrency and Web3 space...

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Senate AI Group Recommends $32 Billion in Spending
Senate AI Group Recommends $32 Billion in Spending
May 15, 2024  |  artificial intelligence

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...

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