#regulation

Arkansas Republican Representative French Hill has been named the new Chairman of the House Financial Services Committee.

On December 5, 2024, U.S. President-elect Donald Trump announced the appointment of former PayPal COO David Sacks as the White House "White House A.I. & Crypto Czar." This move signals a major shift in U.S. policy on cryptocurrency and artificial intelligence.

The United Kingdom is set to introduce a draft of comprehensive crypto regulation rules in early 2025.

As part of her economic platform focused on "innovation and regulation," U.S. Democratic presidential candidate Kamala Harris pledged to support and encourage investments in cryptocurrencies and artificial intelligence if elected.

These new tokens are designed to circumvent the upcoming European Markets in Crypto-Assets Regulation (MiCA), effective June 30, 2024.

The executive committee of SAG-AFTRA, the united union of actors and musicians, has provisionally approved a new agreement with major recording companies, including Warner Music Group and Sony Music Entertainment. Among other things, this agreement addresses the regulation of artificial intelligence in the music industry.

CFTC enforcement policies targeting certain crypto companies may face a reassessment.

The Trump administration recently interviewed Paul Atkins, an expert in financial regulation and a potential candidate for the SEC chair, according to Bloomberg, citing anonymous government sources.

Paolo Ardoino, CEO of Tether, voiced apprehensions about Europe’s MiCA regulation (Markets in Crypto Assets), which he believes could pose substantial risks to stablecoin issuers.

Blake Benthall asserts that the U.S. government needs to collaborate more closely with cryptocurrency companies to create effective regulations and ensure compliance with the law. He believes that some officials advocate for strict measures due to their misunderstanding of new technologies.

A bipartisan group of senators has introduced a new bill known as COPIED, aimed at regulating artificial intelligence, particularly focusing on combating deepfakes and ensuring fair compensation and rights for content creators. Should this initiative pass, it would implement these standards at the federal level.

Senators Cynthia Lummis and Kirsten Gillibrand have proposed a legislative framework for regulating payment-oriented stablecoins.

The European Securities and Markets Authority (ESMA) has published its first final report on the regulatory framework for the crypto market under the Markets in Crypto-Assets Regulation (MiCA). This document presents ESMA's recommendations regarding the criteria for the proper registration of crypto service providers and the procedure for handling complaints. The report has now been submitted to the European Commission, with ESMA set to assist the government in implementing these recommendations as a consultant.