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Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman

Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says CongressmanCongressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Supreme Court’s Chevron Ruling […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Californian lawmaker proposes legislation to protect actors from AI clones

Californian Assembly Member Ash Kalra labeled the bill as a “common sense requirement” to help protect the work of actors, artists and entertainers.

A Californian lawmaker has introduced a bill to protect actors, artists, and entertainers from artificial intelligence, by mandating employment contracts to include informed consent when it comes to digital replicates.

Ash Kalra, an Assembly Member of the State of California — the lawmaker behind the bill — argued that generative AI presents a “real threat” to workers in the entertainment industry and its use should be banned unless a bargaining agreement between the parties is made.

The legislation, Assembly Bill 459, will eventually be assigned to a committee whose members will research, discuss, and make changes to the bill proposed by Kalra, which will then be put before the chamber for a vote.

Kalra explained in a Sept. 13 statement that “common sense requirements” like those in bill AB 459 need to be implemented to protect these workers:

“Mandating informed consent and representation will help ensure workers are not unknowingly at risk of losing the right to their digital self, and with it, their careers and livelihoods.”

The bill was also supported by Screen Actors Guild and American Federation of Television and Radio Artists (SAG-AFTRA) — a United States-based labor union representing over 100,000 media professionals around the world.

Duncan Crabtree-Ireland, the guild’s national executive director and chief negotiator stressed that protecting an actor’s digital image through consent-based laws is now a necessity.

“We believe that our members must maintain full control over the use of their digital selves through informed consent, and this is key if they are to be able to build and sustain a career,” he explained.

Crabtree-Ireland said AI copycats can lead to “abusive” and “exploitative” practices and that legislation will play a key role in curtailing such conduct:

"We see protection against the unjust transfers of these rights to be an imperative against potential abusive or exploitative practices. We are deeply concerned by the proliferation of AI-created audio and video content without full consent, and this legislation is an important step to ending these dangerous practices.”

Related: AI deepfakes are getting better at spoofing KYC verification — Binance exec

The Screen Actors Guild has been behind a nearly four-month-long ongoing strike action in Hollywood over base compensation, better working conditions and other contentious issues.

One of the issues raised revolves around AI and its use, with the workers demanding stricter protections against artificial intelligence and larger royalties for their work, known in the industry as residuals.

In a recent interview with Variety, U.S. actor Sean Penn took a shot at many studios' desire to utilize actors' likenesses and voices for future AI use.

“So you want my scans and voice data and all that. OK, here’s what I think is fair: I want your daughter’s, because I want to create a virtual replica of her and invite my friends over to do whatever we want in a virtual party right now.

"Would you please look at the camera and tell me you think that’s cool?” he asked. 

Magazine: AI Eye: AI’s trained on AI content go MAD, is Threads a loss leader for AI data?

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto DealingsSouth Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

South Korean Politician Quits Party Over Crypto Scandal

South Korean Politician Quits Party Over Crypto ScandalA member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his frugal public image. The controversy, which has caught the attention of the Korean society, involves accusations of conflict of interest and other irregularities. Lawmaker Leaves South Korean Opposition Party Over Crypto Holdings Kim Nam-kuk, […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil

Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking TurmoilA European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils

Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker UnveilsNewly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental regimes.” Parliament Prepares to Legalize the Mining of Cryptocurrencies in […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Latest EU Sanctions Expected to Stimulate Russia’s Own Crypto Market, Exchanges Maintain Services

Latest EU Sanctions Expected to Stimulate Russia’s Own Crypto Market, Exchanges Maintain ServicesThe new crypto sanctions imposed by the European Union are likely to spur the development of the country’s digital asset market, according to a Russian lawmaker. Anatoly Aksakov, who chairs the parliamentary Financial Market Committee, believes Russians will manage to bypass the restrictions. Meanwhile, major exchanges have reportedly informed Russian users that trading continues. Russians […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Top Russian Lawmaker Joins Calls for Legalizing International Crypto Payments

Top Russian Lawmaker Joins Calls for Legalizing International Crypto PaymentsA high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments. His proposal comes after key regulators in Moscow said that Russia needs to allow the use of cryptocurrencies in foreign trade, now that it’s having to deal with serious financial restrictions. Financial […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT

EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’ slides. Shoes symbolize the first step in every development, says Berger who invested efforts in making sure Europe’s upcoming crypto legislation gets the backing of […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Proposal to Set Up Russian Crypto Exchange Circulated in Moscow

Proposal to Set Up Russian Crypto Exchange Circulated in MoscowRussia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian Authorities Mull Creating Domestic Cryptocurrency Exchange A crypto trading platform may be […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump