US lawmakers have introduced a bill aiming to ban members of the US Congress, the president and other high-ranking government officials from wagering on prediction markets. The proposed bill, a bipartisan effort from US Representative Adrian Smith and Representative Nikki Budzinski, was introduced on Tuesday and is called the Preventing Real-time Exploitation and Deceptive Insider…
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Two Delaware lawmakers are working to establish stablecoin regulations as part of a broader package of regulatory proposals aimed at “modernizing” the state’s financial sector. In a statement on Monday, the Delaware Senate Democrats announced that Senator Spiros Mantzavinos and Representative Bill Bush had filed the Delaware Banking Modernization Act (Senate Bill 16) and the…
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US authorities say the co-founder of Super Micro Computer, Inc. has been charged and arrested over an alleged multi-billion dollar scheme to smuggle advanced artificial intelligence chips from the US to China. The Justice Department said in a statement on Thursday that it had unsealed an indictment charging Yih-Shyan “Wally” Liaw, as well as Super…
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The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets from being quoted by broker-dealers on the over-the-counter (OTC) market. The SEC Rule 15c2-11 was first adopted in 1971, aimed at reducing fraud in the penny stock market. It requires broker-dealers…
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Australia’s financial regulator has urged young investors not to rely on social media influencers and artificial intelligence chatbots to make financial decisions, according to a study that also found that one in four “Gen Zs” invest in crypto. The Australian Securities and Investments Commission (ASIC) posted the results of a survey on Sunday, finding that…
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US regulators have clarified that tokenized securities will receive the same capital treatment as their traditional counterparts, saying the rules are “technology neutral.” The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency said on Thursday that they would treat traditional and tokenized securities the same when it…
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The price of Bitcoin is close to its bottom, according to VanEck CEO Jan van Eck, pointing to the winding down of the four-year cycle. Speaking with CNBC on Monday, van Eck said his firm expects Bitcoin (BTC) to gradually start picking up this year, arguing that the four-year halving cycle has been the primary…
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Two people have been arrested in South Korea in relation to a case in which police lost 22 seized Bitcoin, now worth $1.4 million, after storing the coins in a third-party cold wallet. The news of the lost 22 Bitcoin (BTC) was first reported by local media in early February, with more details about the…
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The US Federal Reserve is seeking to codify a rule removing “reputation risk” from banking supervision, which some have blamed for a wave of crypto debanking in recent years. The Fed initially began making changes in June last year, announcing that it had directed its supervisors to stop pressuring banks to shut down client accounts…
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Michael Saylor’s Bitcoin treasury firm Strategy is set to make its 100th Bitcoin purchase, according to hints from its chairman, almost six years after embarking on its Bitcoin-buying journey in 2020. In an X post on Saturday, Saylor shared a screenshot of a chart from StrategyTracker, a move he frequently makes to indicate an upcoming…
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