JPMorgan: We Are Bullish on Digital Assets Into 2025

October 18, 2024 Bitcoin.com

Bitcoin

Global investment bank JPMorgan is bullish on cryptocurrency into 2025, driven by regulatory shifts and geopolitical tensions. Analysts suggest a Donald Trump re-election as the U.S. president could propel BTC higher, reinforcing the “debasement trade” as investors seek refuge in digital assets. With major liquidations behind and institutional support increasing, JPMorgan sees strong momentum for […]

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Ireland drafting urgent crypto laws before EU money-laundering rules

October 17, 2024 Coin Telegraph

Coin Telegraph

Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.

Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.

Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.

No details were shared about the new crypto legislation or when it might come into force.

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Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

September 11, 2024 Bitcoin.com

Biden

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer […]

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What the California AI ‘killswitch’ bill means for decentralized AI

August 31, 2024 Coin Telegraph

The AI industry is split over new legislation in California that would implement a sort of emergency stop in AI systems.

Industry figures are divided on a contentious Californian artificial intelligence bill that passed on Aug. 28.

The new legislation will compel AI firms to implement new safety protocols, including an “emergency stop” button for AI models.

The Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB 1047) passed the California Senate 29–9 on Aug. 28.

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California AI bill aimed at preventing disasters draws ire from Silicon Valley

August 15, 2024 Coin Telegraph

Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.”

A California bill requiring AI developers to put up safety protocols to stop “critical harms” against humanity has caused a stir among the Silicon Valley’s tech community.

California’s “Safe and Secure Innovation for Frontier Artificial Intelligence Models Act," also known as SB 1047, would require AI developers to implement safety protocols to prevent events such as mass casualties or major cyberattacks.

It was proposed by California Democratic legislators in February.

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Crypto could get boost from younger, tech-savvy Harris administration

August 14, 2024 Coin Telegraph

Coin Telegraph

A Harris administration could be younger and more pragmatic and bring “a fresh perspective toward crypto,” some believe.

The campaign of United States presidential candidate and sitting Vice President Kamala Harris has given several signals that her administration would benefit the crypto industry.

As Harris continues to climb in the polls, industry observers are beginning to ask more questions.

Would a Harris presidency include younger advisers and political appointees who are more open to cryptocurrencies and blockchain technology — unlike the old guard of Biden, Yellen and Gensler?

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Putin Signs Law to Regulate Crypto Mining in Russia

August 10, 2024 Bitcoin.com

Bank of Russia

Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with electricity and prohibiting the promotion of cryptocurrencies. It also allows the circulation of mined cryptocurrency […]

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French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

August 6, 2024 Bitcoin.com

bitcoin.com

The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and […]

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New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes

August 5, 2024 Bitcoin.com

bitcoin.com

U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability Office to evaluate law enforcement’s effectiveness in tackling money laundering in cyber crimes. New Bill Targets Cybercrime and Money Laundering with Digital Assets […]

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Arthur Hayes on Bitcoin’s Political Clout: Can Crypto Voters Influence the 2024 Election?

July 12, 2024 Bitcoin.com

2024 election

Arthur Hayes, co-founder of Bitmex, argues that the upcoming U.S. presidential election presents a unique opportunity for crypto advocates to leverage their voting power. With both major political parties vying for a narrow margin of swing voters, Hayes believes the crypto community could play a decisive role in determining the outcome. Arthur Hayes on Crypto’s […]

Legislation