[Applause] Thank you. Thank you. I spend a significant amount of time on the floor of the House of Representatives.So, let me just first say how excited I am to be here with normal, rational, kind people. And now I'm going to freak all of you out. All right.So, I'm going to give my talk on artificial intelligence by first talking about antifreeze. Antifreeze has a lot of beneficial uses. It can keep your car engine from overheating in the summer or from freezing in the winter.And for those of you who are tr ...

Denmark is tightening regulation of oil tankers passing through its waters as Europe targets the shadow fleet that’s helping Russia skirt sanctions https://t.co/lC9GFDiCAN ...

California just became the first state to require OpenAI, Anthropic and others to stick to their safety protocols.And on @EquityPod, the VP of Public Policy at @EncodeAction explains why regulation presents both new liabilities and protections.Listen to the full episode with @RebeccaBellan here: https://t.co/StWFU5Zyae ...

Coinbase, the largest U.S. crypto exchange, has filed an application with the Office of the Comptroller of the Currency (OCC) for a national trust charter. It joins Circle, Paxos, and Ripple in seeking similar regulatory approval. Coinbase clarified that it does not intend to become a bank, but views clear regulatory frameworks as essential to advancing innovation while ensuring compliance and security. https://t.co/g1CBRwHdux ...

Regulatory Compliance - The company has applied for a @USOCC national trust charter to seek federal regulatory oversight and clarity [1] - The company aims to protect every consumer in the global crypto market with uniform national rules [1] Market Perspective - The crypto market is global and continues to evolve [1]

Betting stocks getting slammed this week as the gambling space gets more crowded with the likes of Kelshi trying to grab market share. DraftKings down nearly 15% on pace for its worst week since February. While Flutter, the parent company of FanDuel is lower by 9% and now negative for the year.But both slightly higher today after a Nevada official or Nevada federal judge rather ruled that sports predictions markets do not qualify as swaps, which could mean less regulation for online betting moving forward. ...

A new regulatory pilot project is under review at the White House budget office, suggesting that the Trump administration is seeking to take regulatory action against drugmakers https://t.co/Q1qq8bPFew ...

Clarity Act Overview - The Clarity Act is a market structure bill aiming to clarify which regulator (SEC or CFTC) should oversee crypto by defining blockchain, digital assets, digital commodities, and mature blockchain systems [1] - The Act introduces "investment contract assets," allowing tokens to switch categories over time based on decentralization [1] - It guarantees the right to self-custody, ensures existing trade rules remain unaffected, and encourages global AML frameworks for crypto [1] - The bill allows projects to raise up to $75 million per year without SEC registration if they aim to become decentralized commodities within 4 years [1] Legislative Progress and Challenges - The Clarity Act was introduced on May 29th by Representative French Hill and passed by the House with a 294 to 134 vote, but requires Senate approval [1] - Senate Democrats are calling for increased collaboration on the bill, facing opposition from figures like Senator Elizabeth Warren [2] - The appointment of Brian Quinten as CFTC chair was stalled, creating uncertainty around the agency's regulatory approach [2] - Competing bills like the Responsible Financial Innovation Act (RFIA) offer different approaches to crypto regulation [2] - Poly Market estimates a 31% chance of the Clarity Act being signed into law by the end of 2025, down from 87% in mid-July [4] Potential Impacts and Alternatives - Rejection of the Clarity Act could cause market uncertainty and a potential price crash, possibly triggering a bear market [4] - The SEC and CFTC have launched initiatives like Project Crypto and a crypto sprint to regulate the crypto industry within their existing authority [4] - Even without the Clarity Act, new legislation or alternative structures are likely to emerge to regulate the crypto industry [5][6] Potential Bearish Implications - The Clarity Act could allow TradeFi investors to dominate the crypto ecosystem, potentially conflicting with crypto's decentralized ethos [8][9] - The Genius Act requires US stablecoin issuers to be trade entities, handing control of stablecoins to traditional financial institutions [9] - Mega banks are building their own blockchains and tokenized payment rails, potentially becoming the new gatekeepers of crypto [10][11]

Regulatory Landscape - India's markets regulator has initiated discussions regarding the oversight of family offices [1] - The increasing influence of the nation's billionaires on exchanges is a key factor driving this regulatory consideration [1]

From @WSJopinion: Drones are banned in Europe over sensitive zones, strategic sites, most airports and certain urban areas. So what stops Europe from shooting them down? asks @BHL https://t.co/bpomgB6IOo ...