Search results for Trump administration
Crypto
White House signals major announcement on U.S. strategic bitcoin reserve within weeks, bill to be renamed
The Trump administration’s strategic bitcoin reserve initiative is expected to reach a turning point within weeks, with the White House signaling follow-up steps and Congress moving to rework related legislation. Patrick Witt, who oversees White House digital asset policy, said a major announcement would be made in the coming weeks. Lawmakers are seeking to anchor the policy in law by renaming and refiling the bill as the U.S. Reserve Modernization Act.
Crypto
U.S. CFTC staffing hits 15-year low as crypto and prediction market oversight burden grows
The U.S. Commodity Futures Trading Commission\'s workforce has fallen to its lowest level in 15 years after dropping 24% since President Donald Trump\'s return, even as oversight demands increase for cryptocurrencies, oil futures and rapidly growing prediction markets. Staff numbers fell to 535 as of February after layoffs and departures. Lawmakers and former officials raised concerns about weakened enforcement capacity, while the agency said it is using artificial intelligence and software to fill gaps.
AI & Enterprise
Microsoft says South Korea should focus on corporate AI transformation based on semiconductor strength, not standalone LLM
Microsoft stressed an open AI ecosystem at a National Assembly event and said South Korea should focus on corporate AI transformation based on its semiconductor competitiveness rather than building a standalone large language model. A Microsoft executive said most countries have failed to develop sovereign LLMs despite heavy investment. Participants called for policy changes on interoperability, data use and certification. South Korean ministries said they share the direction but need public consensus and prioritisation.
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Crypto
Warren questions SEC enforcement drop, whether Chair Atkins misled Congress
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Industry
U.S. asks Ford, GM if they can boost arms output over EVs
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AI & Enterprise
Jensen Huang hits back at criticism of chip sales to China, calls nuclear weapon analogy \'madness\'
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Finance
U.S. Treasury\'s Bessent says no need to rush rate cuts, stay put for now
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Crypto
US CLARITY Act nears turning point as Trump adviser says most key issues settled
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Industry
Bezos-backed Slate Auto bets on ultra-low-cost electric pickup priced under $20,000
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Industry
Battery recycler Ascend Elements files for bankruptcy protection
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AI & Enterprise
France seeks to switch government computers from Windows to Linux
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AI & Enterprise
Shinsegae Group kicks off two-track AI strategy with agents and infrastructure
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AI & Enterprise
Meta work visa filings show AI talent pay up to $650,000 base salary
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Crypto
Trump comments jolt prediction market, U.S. odds of invading Iran jump to 63 percent
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Mobility
Ford CEO says Ford to launch affordable EV to rival Tesla Model 3, Model Y
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Crypto
Bitcoin hovers near $68,000 ahead of first-quarter close in wait-and-see market
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Industry
Combat drones shift from lithium-ion batteries to hydrogen fuel cells
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Crypto
Bitcoin enters $70,000 support test as oil, stocks volatility rises