A new report has been released by the Digital Assets and Blockchain Technology Subcommittee of the CFTC, titled “Decentralized Finance.” The report addresses the risks associated with the rapidly growing field of DeFi and raises concerns about the lack of accountability and responsibility within DeFi systems. The release of the report aligns with previous warnings
Regulation
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, recently issued a cautionary advisory about investing in crypto assets. With the highly anticipated approval deadline for a spot Bitcoin exchange-traded fund (ETF) approaching, Gensler expressed concerns about the risks associated with cryptocurrencies. In a post on a social media platform, he highlighted
TechCrunch reporter Jacquelyn Melinek recently provided an update on the expected timeline for spot Bitcoin exchange-traded fund (ETF) approvals. In a statement posted on Jan. 5, Melinek acknowledged that her previous prediction of an imminent approval was not on track. According to her sources, approvals could now be expected next week, but with “no definitive
In a bid to harness the immense potential of artificial intelligence (AI) while ensuring its safe and responsible use, Senator Steve Padilla (D-San Diego) has introduced two new bills, Senate Bills 892 and 893, to establish a robust and ethical AI framework in California. The proposed legislation marks a significant step forward in addressing the