US lawmakers debated crypto tax policy at Wednesday’s Senate Committee on Finance hearing, including possible tax exemptions for crypto transactions below a certain threshold and how income from staking services should be classified. Lawrence Zlatkin, the vice president of tax at crypto exchange Coinbase, urged the Senate committee to consider a de minimis tax exemption…
Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin (BTC) rewards company Fold. Reeves told Cointelegraph that regulatory proposals requiring DeFi protocols to embed biometric identity checks within smart contracts,…
The Trump administration made an unprecedented, and confusing, move last week when it announced plans to convert money Intel was supposed to receive through Joe Biden-era government grant programs into a 10% equity stake. While it remains unclear if converting those government grants into equity is even possible — that’s up for debate — it’s…
US President Donald Trump’s administration has signed a deal with OpenAI to provide the enterprise-level version of the ChatGPT platform to all federal agencies in an effort to “modernize” operations. Under the deal, all US government agencies will have access to the AI platform for $1 per agency to facilitate integration of AI into workflow…
The government should be scrutinizing Meta’s power. Unfortunately, its legal attack isn’t cutting to the heart of what keeps Meta big. This week, I spent three days in a Washington, DC courtroom watching Mark Zuckerberg testify. He was there defending his company from being broken up by the Federal Trade Commission, which is seeking to…
A US federal judge declined to block Elon Musk and his Department of Government Efficiency (DOGE) from accessing or transferring data from seven government agencies, or stop further firings of their workforce. DC District Court Judge Tanya Chutkan denied a temporary restraining order (TRO) sought by a group of 14 Democratic state attorneys general, led…
Meta is “working with the public sector to adopt Llama across the US government,” according to CEO Mark Zuckerberg. The comment, made during his opening remarks for Meta’s Q3 earnings call on Wednesday, raises a lot of important questions: Exactly which parts of the government will use Meta’s AI models? What will the AI be…