EUR/USD 1.15563
-0.337%
Gold 4311.52
-0.849%
Oil 97.521
0.414%
USD/JPY 154.382
0.455%
GBP/USD 1.35088
-0.127%
GBP/JPY 208.557
0.328%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Bank of America (BAC.N) shares fell 5.7% intraday, marking the biggest drop since April 2025.House Minority Leader Jeffreys: If Democrats win the House election, they will prioritize artificial intelligence regulation.On September 15th, Alphabets (GOOG.O) Waymo announced the launch of its paid robotaxi service in Las Vegas, becoming the 15th U.S. city to offer its ride-hailing service. The company stated that the service will begin on Monday and will be rolled out in phases, initially deploying dozens of vehicles and planning to expand to hundreds in the future. Waymo indicated that the Las Vegas robotaxi will not initially have highway access; airport transfers and highway services will be added in later phases. The fleet is managed by Moove, which also operates Waymos vehicles in Phoenix and Miami. Currently, Waymo has over 4,000 driverless taxis in the U.S., providing over 500,000 paid rides per week. The company previously stated its goal of reaching 20 cities globally and 1 million paid rides per week this year, and is preparing for testing in markets such as London and Tokyo.Sources say Northrop Grumman, a defense contractor, has partnered with the U.S. Air Force to assemble the first complete Sentinel intercontinental ballistic missile.On September 15th, according to a Senate aide and a lobbyist familiar with the negotiations, US Senate negotiators are discussing an artificial intelligence regulatory bill that could require AI companies to prove they have taken reasonable precautions to prevent their tools from causing harm. Senators are reportedly discussing whether to grant the US Secretary of Commerce the power to require AI developers to demonstrate they have taken reasonable steps to prevent harm, the so-called "duty of care." They indicated the Secretary of Commerce might also be granted the power to send government inspectors to test companies products. It is currently unclear what measures will be considered "reasonable." The bill is still under discussion, and even if Congress passes it, its eventual enactment as law remains highly uncertain.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

微信截图_20220707162601.png


Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

Suggestion