OpenAI leaders propose international regulatory body for AI
AI is developing rapidly enough and the dangers it may pose are clear enough that OpenAI’s leadership believes that the world needs an international regulatory body akin to that governing nuclea
Crypto needs a global view to build better regulatory models
Growing concerns in the U.S. crypto industry around regulation is making overseas opportunities look more appealing.
Former FTX CEO Sam Bankman-Fried seeks to dismiss most US charges against him
Former FTX CEO and founder Sam Bankman-Fried has filed a pretrial motion to dismiss 10 out of 13 charges against him, according to court documents. Bankman-Fried is under house arrest at his parent’
Prohibition of AI that ‘subverts state power’ in China may chill its nascent industry
Chinese regulators have proposed restrictive rules around AI models like ChatGPT being built in the country, requiring user identification and security reviews, and prohibiting “any content that
UK regulators could be right about cloud portability obstacles
Could regulators be right and it really is to hard to migrate between clouds, or are certain technical hurdles too hard to overcome?
Binance CFTC suit shows that ‘regulators will keep regulating and regulate more’
Binance's CFTC lawsuit may bring about more regulation for the crypto space and affect market players' confidence.
Former FTX CEO Sam Bankman-Fried charged for allegedly bribing Chinese officials
U.S. prosecutors today filed a superseding indictment against former FTX CEO Sam Bankman-Fried alleging he bribed Chinese officials.
Coinbase execs weigh in on the crypto’s future in US amid regulatory scrutiny
If the crypto industry doesn’t get clear rules of the road, expertise will move offshore, experts say.
SVB’s mess could become stablecoins’ problem
After USDC depegged from $1 last week, many are questioning whether SVB’s collapse has bigger implications on the stablecoin ecosystem
FTC’s new Office of Technology will help mop up tech ‘oozing with snake oil’
The FTC is embracing change with the establishment of an Office of Technology (OT) that will help it effectively regulate the fast-moving tech world. Citing “systemic concerns” relating to
SEC’s proposal could affect which crypto companies can manage assets
The SEC proposed a new rule that may back crypto companies further into a corner as regulators continue to crack down on the space.
New York’s right-to-repair bill has major carve-outs for manufacturers
During the lull between last Christmas and New Year’s, New York State became one of the first in the country to enact a “right to repair” law — albeit with amended language tha
Lawyers see crypto regulation coming in 2023 because industry needs to rebuild trust
Given the scale of the damage from the bankruptcies of FTX, Celsius and Voyager, legal frameworks for the crypto industry could come next year.
What to expect from crypto regulation in the wake of the FTX scandal
At our TC Sessions: Crypto event last week in Miami, I sat down with Bitwise Asset Management General Counsel and Chief Compliance Officer Katherine Dowling, Perkins Coie Partner Sarah Shtylman and Pa
Troubled crypto exchange FTX investigated by US regulators over customer funds
Crypto trading behemoth FTX fell from grace this week after the exchange experienced a liquidity crunch and agreed to give its rival, Binance, the option to purchase the company’s non-U.S. opera
As crypto regulation looms ahead, here are the bills to look out for
The CFTC and the SEC’s roles around cryptocurrency regulation have been somewhat blurred, and each of these bills aim to provide greater clarity on that front.
CFPB signals that regulation is coming for BNPL
In a shot across the bow to the buy now, pay later (BNPL) industry, the U.S. Consumer Financial Protection Bureau (CFPB) today issued a report suggesting that companies like Klarna and Afterpay, which
The EU’s AI Act could have a chilling effect on open source efforts, experts warn
Proposed EU rules could limit the type of research that produces cutting-edge AI tools like GPT-3, experts warn in a new study. The nonpartisan think tank Brookings this week published a piece decryin
UK mobile and broadband carriers face fines of $117K/day, or 10% of sales, if they fail to follow new cybersecurity rules
More than three years in the making, the U.K. government today announced a new, sweeping set of rules it will be imposing on broadband and mobile carriers to tighten up their network security against
CSI, a decades-old fintech solutions vendor, agrees to be acquired for $1.6B
Showing that the regtech industry remains robust to economic headwinds, private equity firms Centerbridge Partners and Bridgeport Partners today announced plans to acquire publicly traded Computer Ser