Search results for Patriot Act
AI & Enterprise
EU delays high-risk AI rules to end-2027, complicating digital sovereignty strategy
The European Union has decided to delay enforcement of rules for high-risk artificial intelligence systems until the end of 2027, a move seen as a step back for Europe’s digital sovereignty strategy. The adjustment aims to ease competitive burdens on AI companies, though critics warn it could expand U.S. big tech influence. The EU also widened exemptions for some industries while tightening measures on sexually explicit AI images and requiring visible labels on AI-made content from December.
Crypto
U.S. CLARITY Act controversy grows, industry fears expanded financial surveillance
As debate resumes in the U.S. Congress over the digital asset market structure bill known as the CLARITY Act, concerns are growing inside and outside the crypto industry about expanded financial surveillance. Galaxy Digital research head Alex Thorn warned the current language could widen oversight powers, including for the Treasury’s OFAC. Critics including Cardano founder Charles Hoskinson say the wording is too broad and could be abused.
Crypto
Galaxy Digital warns crypto market structure bill expands Treasury financial surveillance powers
Galaxy Digital warned that a crypto market structure bill released by the U.S. Senate Banking Committee would give the Treasury sweeping surveillance and enforcement authority, Cointelegraph reported on Jan. 14. The firm said it could be the biggest expansion of financial surveillance since the Patriot Act. Galaxy said the bill goes beyond the House-passed CLARITY Act, allowing the Treasury to target jurisdictions, institutions or crypto transactions over money-laundering concerns and include temporary holds of up to 30 days.