The Republican and Democratic leaders of a House select committee said Friday (Dec. 13) that TikTok should sell its app and that Apple and Google should be ready to remove TikTok from their app stores by Jan. 19 if the company does not sell it. Rep. John Moolenaar, R-Mich.,...
U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House Republican Steering Committee. Hill announced his election in a Thursday (Dec. 12) press release, saying that he looks forward to...
Nearly 700 AI bills surfaced in state legislatures in 2024, addressing issues from safety standards to deepfake controls. Colorado passed comprehensive legislation, while California vetoed a key bill, reflecting varied strategies as states fill the regulatory gap left by stalled federal action. States Move to...
Bitcoin’s price has exceeded $100,000 for the first time, a milestone for the digital currency. The world’s most popular cryptocurrency was at a little over $103,000 Thursday (Dec. 5) morning, one day after President-elect Donald Trump said he would nominate a crypto advocate to lead...
November 06, 2024
The price of bitcoin hit a new all-time high Wednesday (Nov. 6), and America elected a new president. The two are far from unrelated. Following the projected victory of Donal Trump in the U.S. presidential elections, bitcoin briefly shot north of $75,000, breaking the prior high of $73,000 reached when exchange traded funds (ETFs) of […]
August 16, 2024
Things may get better over the longer term, but right now things are tough. To that end, the University of Michigan’s Consumer Sentiment Index, gauging the overall mindset on everything...
July 12, 2024
Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics...
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,...
December 15, 2024
There’s a new variable in the Sam Altman/Elon Musk rivalry: President-elect Donald Trump. As the Financial Times (FT) reported Sunday (Dec. 15), executives at Altman’s OpenAI have been preparing to deal with the next administration, though that process has been made more complicated by Musk’s recent closeness to Trump. According to the report, the artificial […]
December 13, 2024
The Republican and Democratic leaders of a House select committee said Friday (Dec. 13) that TikTok should sell its app and that Apple and Google should be ready to remove TikTok from their...
December 12, 2024
U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House Republican Steering Committee. Hill announced...
December 05, 2024
Bitcoin’s price has exceeded $100,000 for the first time, a milestone for the digital currency. The world’s most popular cryptocurrency was at a little over $103,000 Thursday (Dec. 5) morning,...
