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Category US regulation

CLARITY Act Unlikely To Pass Before August Break, Says Senate Leader

CLARITY Act Unlikely To Pass Before August Break, Says Senate Leader

In Brief Senate leaders doubt the CLARITY Act will pass before the August recess. The House passed it with 78 Democrats, but the Senate floor need...
Should Powerful AI Have a Kill Switch? A New Bill Says Yes

Should Powerful AI Have a Kill Switch? A New Bill Says Yes

In Brief US lawmakers introduced a bill forcing AI developers to keep working shutdown switches. The bill lets Homeland Security order a slowdown ...
SEC Commissioner Hester Peirce Warns Against Crypto Vaults and Lending

SEC Commissioner Hester Peirce Warns Against Crypto Vaults and Lending

In Brief SEC Commissioner Hester Peirce says crypto vaults may qualify as securities. Actively managed vaults and lending pools risk investment co...
Ethics Rules Were Not Enough to Win Democrats on CLARITY Act

Ethics Rules Were Not Enough to Win Democrats on CLARITY Act

In Brief Seven Senate Democrats say the updated CLARITY Act text falls short. New ethics rules bar officials and spouses from issuing digital asse...
Scaramucci Says CLARITY Act’s Crypto Ethics Isn’t Enough, Wants Insider Trading Gone

Scaramucci Says CLARITY Act’s Crypto Ethics Isn’t Enough, Wants Insider Trading Gone

In Brief Scaramucci says the crypto ethics ban should extend to all congressional trading. Pelosi's portfolio has beaten the S&P 500 and Buffett f...