Search results for U.S. Congress
Crypto
Billionaire Kevin O\'Leary says stablecoins are safest cryptocurrency
Billionaire investor Kevin O\'Leary said stablecoins are the safest assets in the cryptocurrency market, citing a U.S. regulatory framework for payment stablecoins. He said stablecoins are designed to be relatively stable but are not risk-free, with safety varying by reserve quality, issuer credibility and redemption terms. O\'Leary described Bitcoin as speculative and still facing legal uncertainty, and said blockchain tokens such as Ethereum should be assessed by real-world adoption.
Crypto
U.S. crypto tax bill advances, seeks penalty relief for voluntary disclosures
A bill moving through the U.S. Congress would create a separate voluntary disclosure program for digital asset taxpayers to correct past reporting errors. If enacted, eligible taxpayers could file amended returns for prior violations and pay unpaid tax, interest and program penalties. The proposal sets lower penalties for those who certify the errors were not fraudulent or intentional, and higher penalties for those who do not. The bill has cleared a House committee but still needs passage by both chambers and presidential signature.
AI & Enterprise
Anthropic proposes AI safety bill to U.S. Congress
U.S. AI company Anthropic proposed a draft federal bill to Congress that would allow the government to halt the release or use of AI models that pose a risk of large-scale casualties or economic losses. The draft limits intervention to cases of foreseeable, imminent danger involving more than 50 deaths or serious injuries, or property damage exceeding $1 billion. It also outlines independent evaluations registered with the Commerce Department and court procedures to stop releases.
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AI & Enterprise
Illinois governor warns AI could be as dangerous as nuclear weapons
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Industry
Apple may face annual EU levy as bloc redesigns big tech tax plan
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Crypto
U.S. financial advocacy group slams CFTC plan to expand crypto jurisdiction
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Crypto
Robinhood CEO says crypto, not sports, to dominate prediction markets within a few years
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Crypto
Saylor sees upside in U.S. Clarity Act stalling
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Crypto
Saxo Bank says crypto regulatory uncertainty raises pressure on Coinbase
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Crypto
U.S. CFTC chief says he will push crypto regulation directly
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Crypto
Ripple CEO says crypto will win even without U.S. Clarity bill
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Crypto
Bitcoin rebound may not signal end of bear market, new low possible in November
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Crypto
Clarity Act vote set for Sept. 15; French Hill says bipartisan passage expected
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Energy & Environment
US gasoline prices top $4 a gallon throughout August for first time as Sierra Club urges windfall tax
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Crypto
Ripple CLO says Clarity Act tied to U.S. jobs and economic growth, September vote in focus
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Crypto
BlackRock says bitcoin, gold demand to rise as U.S. debt concerns grow
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Crypto
Bitcoin breaks $80,000 after three months, raising questions over South Korea digital asset regulation
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Crypto
U.S. SEC to revise crypto fundraising rules, proposes registration exemptions and safe harbor