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AI & Enterprise

BlackRock CEO warns halting AI data centre building could trigger U.S. recession

BlackRock CEO Larry Fink warned that blocking construction of AI data centres in the United States could tip the economy into recession. He said a pause in data-centre investment that underpins the AI boom could deliver a major shock, as much of the economy depends on capital spending. His remarks come as local opposition grows over electricity demand, water use and grid strain, with at least 100 areas approving construction halts, Brookings said.

Crypto

Patrick Witt steps down as director of White House crypto council secretariat

Patrick Witt, who led the White House cryptocurrency council secretariat, has stepped down after his temporary assignment ended. The White House confirmed the end of his duties but has not announced a successor. Witt had overseen talks on tightening the U.S. crypto regulatory framework, including Senate negotiations on the Clarity bill dividing oversight between the SEC and CFTC, and reviewed plans to expand a strategic bitcoin reserve.

Crypto

Cuomo urges bipartisan digital asset law to keep U.S. crypto rules from shifting with elections

Concerns are rising that U.S. cryptocurrency regulation could swing with election outcomes. Former New York Governor Andrew Cuomo said Congress should quickly produce bipartisan digital asset legislation that can endure changes in administration. He argued the current framework relies more on federal agencies’ administrative actions than on congressional law, leaving rules politically vulnerable. Cuomo warned uncertainty hurts companies, investors and consumers, and urged the next Congress to pass legislation authorising digital asset activity.