Global asset manager WisdomTree has entered the full-stack stablecoin space following the passage of the US GENIUS Act, aiming to strengthen digital dollar infrastructure for its onchain financial products. WisdomTree’s US dollar-backed stablecoin, USDW, is a key component of its integrated strategy to serve both retail and institutional users, according to Will Peck, head of…
The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday….
European asset manager Amundi believes that the US GENIUS Act could trigger a surge in dollar-backed stablecoins, potentially causing unintended consequences for the global payment system, and even threatening the long-term dominance of the greenback itself. “It could be genius, or it could be evil, said Vincent Mortier, Amundi’s chief investment officer, in a recent…
With just weeks left to pass legislation before Congress adjourns, X CEO Linda Yaccarino announced she worked with the authors of the Kids Online Safety Act (KOSA) to update the bill in what seems like a play to win over the Republican House leaders standing in the way of it becoming law. The striking announcement…
The European Union’s risk-based rulebook for artificial intelligence — aka the EU AI Act — has been years in the making. But expect to hear a lot more about the regulation in the coming months (and years) as key compliance deadlines kick in. Meanwhile, read on for an overview of the law and its aims….
A bipartisan group of senators introduced a new bill to make it easier to authenticate and detect artificial intelligence-generated content and protect journalists and artists from having their work gobbled up by AI models without their permission. The Content Origin Protection and Integrity from Edited and Deepfaked Media Act (COPIED Act) would direct the National Institute…
Large language model-based chatbots have the potential to promote healthy changes in behavior. But researchers from the ACTION Lab at the University of Illinois Urbana-Champaign have found that the artificial intelligence tools don’t effectively recognize certain motivational states of users and therefore don’t provide them with appropriate information. Michelle Bak, a doctoral student in information…
Since the passage of the CHIPS and Science Act last August, eight companies have already received more than half of the planned government direct funding. These companies have collectively received $29.34 billion in funding through the CHIPS Act for semiconductor factories across the country. The law, a $280 billion package to support innovation in the…