In brief The DOJ moved to intervene in xAI’s lawsuit challenging Colorado’s AI discrimination law. The department argues the law violates the …
Backs
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Analysis
Arthur Hayes Sets $500K Bitcoin Target For End Of 2026, Backs HYPE At $200
by shayaanby shayaanBitcoin price surged to $78,000 on Wednesday, hitting a new monthly high as strong institutional buying and easing geopolitical tensions boosted investor …
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The European Central Bank (ECB) set out a cautious path toward tokenizing Europe’s capital markets, saying the technology can deliver efficiency gains …
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Regulation
EU central bank backs plan for crypto supervision under EU markets watchdog
by shayaanby shayaanThe European Central Bank has supported the European Commission’s plan to bring the supervision of major crypto companies under the EU’s financial …
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Markets
Bank of Korea nominee backs central bank-led digital currency, sees limited role for stablecoins
by shayaanby shayaanThe nominee, Shin Huyn-song, supported a central bank digital currency model, emphasizing the need for strict anti-money laundering and compliance controls. www.coindesk.com
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Regulation
Coinbase CEO backs US Treasury Secretary‘s push to pass CLARITY Act
by shayaanby shayaanBrian Armstrong, the Coinbase CEO who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s …
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ECB backs shifting supervision of systemic crypto firms and venues from national regulators to esma as part of a wider eu capital …
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Ripple CEO Brad Garlinghouse has thrown support behind U.S. Treasury Secretary Scott Bessent’s urgent plea for Congress to pass the Digital Asset …
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Kwasi Kwarteng reflects on current UK market turmoil, fiscal “doom loop,” and his move into bitcoin with Stack BTC. www.coindesk.com
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Regulation
CFTC Chair Calls Current Financial System Outdated, Backs Blockchain
by shayaanby shayaanAmerica’s top financial regulator has made a bold statement about traditional money. CFTC Chair Michael Selig says current financial systems are outdated …