Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs
In brief The Federal Reserve named Xbox CEO Asha Sharma to a task force studying AI’s impact on jobs and productivity. Sharma joins Marc Andreessen...
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A16z’s Marc Andreessen joins Fed task force on AI and jobs
The Federal Reserve has named Andreessen Horowitz co-founder Marc Andreessen to help lead a task force studying artificial intelligence, productivity and employment. Summary Marc Andreessen...
Revolut drops Tether USDT as MiCA rules force major crypto shift
Revolut has confirmed it will remove Tether’s USDT from eligible European accounts after new European Union crypto rules took effect under the Markets in Crypto-Assets...
Morgan Stanley identifies two triggers that could force a Fed rate hike
Morgan Stanley has warned that the Federal Reserve could still be forced to raise interest rates this year under certain economic conditions, even as it...
US lawmakers propose new federal crypto crime task force
US lawmakers have introduced legislation to create a federal task force focused on cryptocurrency theft, fraud, and hacking investigations. Summary Bipartisan lawmakers introduced a bill...
200 Crypto Companies Just Demanded a Senate Vote on the CLARITY Act, Can They Force a Decision Before July 4?
A coalition of more than 200 crypto companies sent a joint letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on June...
DOJ Task Force Freezes $3.8M in Illicit Crypto—With Help From Coinbase, SpaceX and Meta
In brief Private sector firms like Coinbase, Apple, and SpaceX collaborated with government agencies to help curb crypto fraud. The collaboration led to more than...
Fed’s Waller warns inflation may force new hikes, rattling risk assets
Federal Reserve Governor Christopher Waller warned that stubborn inflation and surging energy costs now outweigh labor market risks, signaling that rate hikes are “back on...
Why Jerome Powell refuses to leave the fed, even after Trump tried to force Him out
Jerome Powell announced at his final FOMC press conference on April 29 that he will remain on the Federal Reserve Board of Governors past May...
CFTC deploys AI to police crypto as Innovation Task Force targets prediction markets
CFTC turns to AI tools and a new Innovation Task Force to police booming crypto and prediction markets as staff shrinks and CLARITY Act hangs...