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Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with Democrats immediately filing to appeal to SCOTUS Virginia redistricting was struck down 4-3 by the state Supreme Court, with Democrats filing to appeal to…
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Josh Shapiro has sued Character.AI after a chatbot falsely posed as a licensed Pennsylvania psychiatrist and offered medical advice to a state investigator. Pennsylvania Governor Josh Shapiro sued Character.AI on May 6, targeting the company’s chatbots for allegedly practicing medicine…
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Brad Garlinghouse has warned that recent Senate progress on the CLARITY Act still leaves a narrow window for the bill to move forward. According to Brad Garlinghouse, the next two weeks will determine whether the digital asset market structure bill…
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U.S. banking groups have pushed back against the latest CLARITY Act language on stablecoin rewards, arguing it does not sufficiently prevent risks to bank deposits. According to a joint statement from the American Bankers Association, Bank Policy Institute, Consumer Bankers…
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U.S. crypto lobbying group Blockchain Association has urged the Federal Reserve to formalise the removal of “reputation risk” from bank supervision rules, warning that the concept has been used to restrict access to financial services. In a comment letter submitted…
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Senator Thom Tillis has threatened to oppose the Senate’s crypto market structure bill unless ethics restrictions on White House crypto activity are added. According to Politico, Tillis said he would withdraw support for the legislation if it leaves the Senate…
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Canada has advanced a bill to block cryptocurrency donations in federal elections, pushing tighter controls on how political funding is handled. According to Canada’s House of Commons, Bill C-25, known as the Strong and Free Elections Act, cleared its second…
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A coalition of crypto firms and advocacy groups has urged U.S. senators to move ahead with a markup of the Clarity Act, warning that delays risk pushing the industry offshore. The push came through an April 23 letter led by…
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Russia’s State Duma has advanced a crypto regulation bill in its first reading, outlining licensing rules, investor limits, and cross-border use provisions. According to state news agency TASS, the proposed law assigns the Bank of Russia as the primary authority…
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Kevin Warsh signaled support for integrating digital assets into the U.S. financial system during his Senate confirmation hearing to lead the Federal Reserve. During a Senate Banking Committee hearing on Tuesday, Warsh backed the idea that crypto already plays a…
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A push to delay the Senate markup of the CLARITY Act to May has emerged as disputes over stablecoin yield continue to stall progress. According to Punchbowl News, US Senator Thom Tillis has advised Senate Banking Chair Tim Scott to…
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AI hallucinations news moved from courtroom embarrassment to career consequence as the Nebraska Supreme Court ruled to suspend Omaha attorney Greg Lake until further notice, after a court brief he submitted in a divorce appeal contained 57 defective citations out…
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A bipartisan effort to bridge the divide between Wall Street and the digital asset industry could see a breakthrough as early as this week. Politico reports that Senator Thom Tillis (R-N.C.) is preparing to unveil a draft agreement aimed at…
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The Digital Asset Market Clarity Act is gaining fresh momentum in the U.S. Senate as negotiators work to solidify a bipartisan compromise on stablecoin regulations. Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets, told…
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The Japanese government passed an amendment to the Financial Instruments and Exchange Act on Friday, officially reclassifying crypto assets as financial instruments. According to a report by Nikkei, the new legislation introduces a ban on insider trading and prohibits any…
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The U.S. Treasury Department has laid out a fresh set of expectations for stablecoin issuers, focusing on how firms must address illicit finance risks under the GENIUS Act. In a notice issued Wednesday, the department confirmed that its Financial Crimes…
