California’s state senate gave final approval early on Saturday morning to a major AI safety bill setting new transparency requirements on large companies. As described by its author, state senator Scott Wiener, SB 53 “requires large AI labs to be transparent about their safety protocols, creates whistleblower protections for [employees] at AI labs & creates…
California has taken a big step toward regulating AI. SB 243 — a bill that would regulate AI companion chatbots in order to protect minors and vulnerable users — passed both the State Assembly and Senate with bipartisan support and now heads to Governor Gavin Newsom’s desk. Newsom has until October 12 to either veto…
The US Senate updated its crypto market structure bill on Friday, adding a key provision to clarify how tokenized assets are regulated. The new clause would ensure that stocks and other securities remain classified as securities when tokenized on a blockchain, avoiding potential confusion over whether they should fall under commodities regulation. The distinction is…
Ukraine’s parliament plans to conduct the initial reading of a crypto regulation bill by late August, according to government officials. The legislation, if approved, could establish a legal framework for digital assets aligned with European standards. “The preparation of a draft law on taxation of transactions with virtual assets is currently in the final stage,”…
Crypto lobby group DeFi Education Fund has called on the US Senate Banking Committee to rethink how it plans to regulate the decentralized finance industry after reviewing its recently published discussion draft on a key crypto market-structure bill. The response, signed on behalf of DeFi Education Fund (DEF) members including a16z Crypto, Uniswap Labs, and…
The massive budget bill signed into law by President Donald Trump on Independence Day didn’t include everything on Big Tech’s wishlist, but the industry’s largest players stand to gain significantly from several provisions in the One Big Beautiful Bill Act. The Republican-backed legislation is best known for its tax cuts on tips, deduction caps that…
Opinion by: Bill Hughes, senior counsel and director of global regulatory matters at Consensys Software The US Digital Asset Market Clarity Act of 2025 – known as the CLARITY Act – is not perfect, but the Congress should pass it this Summer and enshrine the US as the world leader in digital assets. If perfect…
Senate Republicans today passed a sweeping spending bill that narrowly avoided punitive tax measures on renewable energy but still threatens to stall its growth in the US. After wrangling over hundreds of amendments for more than 24 hours in a so-called “vote-a-rama” on Monday and Tuesday, Senate Republicans advanced the bill with provisions that make…
New York state lawmakers passed a bill on Thursday that aims to prevent frontier AI models from OpenAI, Google, and Anthropic from contributing to disaster scenarios, including the death or injury of more than 100 people, or more than $1 billion in damages. The passage of the RAISE Act represents a win for the AI…
California has taken a step closer toward embracing crypto after a bill allowing state departments to accept digital currencies sailed through the state’s lower house with a unanimous vote and is now headed for the Senate. Assembly Bill 1180 (AB 1180), which passed the California State Assembly on June 2 with a 68-0 vote on…