#us

The US House of Representatives unanimously passed the Financial Technology Protection Act (H.R.2969), which seeks to create a specialized task force to tackle the use of digital assets in criminal activities.

The structure of upcoming spot Ethereum ETFs in the US is becoming evident. Most issuers are setting initial client discounts that transition into fees between 0.19% and 0.25%.

A study by SAS reveals that China is at the forefront of global AI implementation, with 83% of companies utilizing artificial intelligence. This is notably higher than the adoption rates in the UK (70%), the US (65%), and Australia (63%), with the global average at 53%.

The US Federal Reserve has concluded its annual stress test, evaluating 31 banks to ensure they can withstand minimum capital requirements in the event of a hypothetical recession.

Markus Thielen, founder of 10x Research, believes that Gary Gensler, the current Chair of the US Securities and Exchange Commission (SEC), will step down in January or February 2025, assuming a win by Donald Trump. Gensler's term is set to end in June 2026.

Asset management company Abra has launched the Abra Treasury, a crypto platform for corporate clients.

US SEC documents reveal that Montenegrin Prime Minister Milojko Spajić invested €75,000 (around $80,000) for 750,000 Terra (LUNA) tokens in April 2018. At their highest value, these tokens would have been worth about $90 million.