SEC faces criticism on crypto staking guidance

The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services.  On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration…

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Amid lawsuits and criticism, Character AI unveils new safety tools for teens

Character AI is facing at least two lawsuits, with plaintiffs accusing the company of contributing to a teen’s suicide and exposing a 9-year-old to “hypersexualized content”, as well as promoting self-harm to a 17-year-old user. Amid these ongoing lawsuits and widespread user criticism, the Google-backed company announced new teen safety tools today: a separate model for…

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