Connecticut Senate passes AI bill curbing bias, deep fakes
The bill would punish anyone found guilty of using AI to create deceptive deep fakes and is supported by Microsoft and IBM amid local tech firms’ opposition.
Latest United States News
Mixerdämmerung: Samourai Wallet arrests herald twilight of the ‘crypto bros’
The Samourai Wallet founders were charged over conspiracy to commit money laundering and operate an unlicensed money-transmitting business.
Nigeria, US to partner on AI, digital economy
The United States government pledged to work with Nigeria to boost AI development, starting with a conference in two weeks to discuss digital economy advancements.
BRICS countries consider blockchain-based stablecoin settlements
The U.S. dollar could face an enormous challenge as the BRICS alliance eyes the use of stablecoins for settlements in the wake of increasing sanctions against Russia and growing rivalry with China.
RFK Jr.’s US ‘budget on blockchain’ plan will only work on the right blockchain
In a bid to gain voters' trust, Robert F. Kennedy Jr. has pledged to put the U.S. budget on blockchain to provide the public full transparency of the government's spending.
IRS bares new digital asset reporting form for US taxpayers
Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell or exchange digital assets to ensure all gains and losses are being reported.
Bipartisan AI Innovation bill introduced to US Senate
To avoid stifling innovation, U.S. lawmakers are pushing for a bill promoting government-private sector partnership in the AI industry, including crafting guidelines to counter the tech's risks.
SEC sets Justin Sun straight; Mango Market exploiter Avi Eisenberg convicted
While Tron's legal team attempt to steer clear from accusations that Justin Sun was behind entities promoting an illegal money-making scheme, the SEC was quick to poke holes in the argument.
Microsoft’s G42 deal shows US and China in AI cold war (that could get much hotter)
Microsoft made a $1.5 billion 'strategic' investment in G42, the UAE-based AI tech holding company, followed by behind-the-scenes negotiations with Commerce's BIS last year.
Massachusetts AG releases AI advisory for enterprises amid soaring adoption rates
Massachusetts AG's advisory took swipes at the “false advertising” in AI and warned that AI firms engaged in deceptive marketing could face dire sanctions under the state’s consumer protection rules.
New US stablecoin bill doesn’t mention Tether, but it didn’t have to
The Gillibrand-Lummis bill intends to distinguish Tether and Circle as lawmakers look to allow state non-depository trust companies to issue stablecoins with market caps below $10 billion.
IRS warns ‘crypto’ fans to include digital asset income on tax return … or else
Partnering with Chainalysis, the IRS insisted on the need for digital asset sales to be reported on businesses' tax returns, threatening evaders with repercussions for non-compliance.