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…
Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure. On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor…
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…
As day four of “Crypto Week” kicks off, US Democratic and Republican lawmakers remain divided on the future of key legislation that will shape the country’s regulatory approach to digital assets. Votes were anticipated on the Clarity Act, the GENIUS stablecoin bill and the Anti-CBDC Surveillance State Act, but progress has been slowed by political…
While countries like the United States explore crypto as a new campaign fundraising tool, ministers in United Kingdom are sounding the alarm, with one calling for a ban on crypto donations over concerns about traceability and foreign interference. On Tuesday, Pat McFadden, a Cabinet Office minister, said he thought there was a case to be…
Meta’s latest whistleblower, Sarah Wynn-Williams, got a warm reception on Capitol Hill Wednesday, as the Careless People author who the company has fought to silence described the company’s chief executive as someone willing to shapeshift into whatever gets him closest to power. The message was one that lawmakers on the Senate Judiciary subcommittee on crime…
The European Union looks to have clinched political agreement on the team of 26 commissioners who will be implementing President Ursula von der Leyen’s policy plan for the next five years. A final vote is still pending next week, but on Thursday, Politico’s Brussels Playbook newsletter reported a deal in the European Parliament on the…
A bipartisan pair of House lawmakers are proposing a bill to carve out Section 230 protection for tech companies that fail to remove intimate AI deepfakes from their platforms. Reps. Jake Auchincloss (D-MA) and Ashley Hinson (R-IA) unveiled the Intimate Privacy Protection Act, Politico first reported, “to combat cyberstalking, intimate privacy violations, and digital forgeries,”…
Israel organized and paid for an influence campaign last year targeting U.S. lawmakers and the American public with pro-Israel messaging, as it aimed to foster support for its actions in the war in Gaza, according to officials involved in the effort and documents related to the operation. The covert campaign was commissioned by Israel’s Ministry…