Regulation

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors...

OpenAI CEO Sam Altman expresses his positive outlook on the prospects of global AI coordination, emphasizing the need for collaboration and cooperation among nations. Sam Altman, the CEO of the trendy OpenAI chatbot, ChatGPT, in a series of recent interviews, has shared his optimism regarding the global coordination of artificial intelligence (AI) efforts. Serving as the prominent representative of this innovative startup, supported by the influential Microsoft Corp, the CEO has embarked...

While some Democrats have been criticized for their regulatory stance on cryptocurrencies, it is essential to recognize that not all members of the party hold an anti-crypto position. In recent years, the world of crypto has grown in popularity, particularly among the younger population and the US Democratic Party’s stance on crypto regulations in recent times has raised concerns among influential figures in the industry. Cameron Winklevoss, the co-founder of the crypto exchange Gemini,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto fans need to understand something once and for all: the government is not here to help you, and it is clearly incapable of accomplishing anything major within a reasonable period. Crypto Players, It’s Time to Wake Up! This warning applies to all parties and corners of the present political system,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Securities and Exchange Commission (SEC) and its head Gary Gensler are bullies. They are bullies to the crypto industry and to everyone who tries to issue digital currencies to the common public. Republicans Grill the SEC and Gary Gensler The actions of Gensler have ultimately made him the subject of wrath...

Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to non-U.S. platforms. Offshore Exchanges Dethrone US Crypto Platforms The significant decline in BTC reserves on American exchanges stems...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up When it comes to crypto, Congress – especially members of the House of Representatives – appear to be split right down the middle. Some want strict laws in place, while others – such as various members of the democrat party – believe there are already sufficient statutes in place designed to keep the space...

The United States Securities and Exchange Commission has filed a 101-page lawsuit against the leading US-based cryptocurrency exchange – Coinbase. The claim is that the firm has been violating securities regulations. The move came just a day after the SEC also filed against Binance. In the complaint against Coinbase, however, the Commission has made strong claims, classifying a list of 13 cryptocurrencies as securities. One of them is Cardano’s ADA, so let’s have a look at...

As Artificial Intelligence (AI) continues to attain breakthroughs in what’s possible, there is a growing concern about whether these innovations may become more powerful than their creators. Matt Clifford, chairman of the UK’s Advanced Research and Invention Agency (ARIA), stressed this in a recent interview with a local news outlet. AI Needs Regulation Within 2 Years Clifford emphasized that AI needs to be regulated soon to curb the risk of becoming “very powerful” within...

There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging. With the recent noise about cryptocurrency regulation and events such as crypto exchanges being sued for offering unregistered securities, there have been varying views from experts and high-profile individuals about the state of some specific cryptocurrencies....