#regulation

As part of her economic platform focused on "innovation and regulation," U.S. Democratic presidential candidate Kamala Harris pledged to support and encourage investments in cryptocurrencies and artificial intelligence if elected.

These new tokens are designed to circumvent the upcoming European Markets in Crypto-Assets Regulation (MiCA), effective June 30, 2024.

The executive committee of SAG-AFTRA, the united union of actors and musicians, has provisionally approved a new agreement with major recording companies, including Warner Music Group and Sony Music Entertainment. Among other things, this agreement addresses the regulation of artificial intelligence in the music industry.

The stablecoin leader has entered into a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP) of Uzbekistan, the body charged with overseeing the growth and regulation of the crypto industry.

U.S. Treasury Secretary Janet Yellen has announced that the finance committee has greenlit a bill for federal regulation of stablecoins. This legislation would empower regulators to directly ban the issuance of specific assets by emitters under suspicion of fraudulent activities or other concerns.

Blake Benthall asserts that the U.S. government needs to collaborate more closely with cryptocurrency companies to create effective regulations and ensure compliance with the law. He believes that some officials advocate for strict measures due to their misunderstanding of new technologies.

A bipartisan group of senators has introduced a new bill known as COPIED, aimed at regulating artificial intelligence, particularly focusing on combating deepfakes and ensuring fair compensation and rights for content creators. Should this initiative pass, it would implement these standards at the federal level.

Senators Cynthia Lummis and Kirsten Gillibrand have proposed a legislative framework for regulating payment-oriented stablecoins.

The European Securities and Markets Authority (ESMA) has published its first final report on the regulatory framework for the crypto market under the Markets in Crypto-Assets Regulation (MiCA). This document presents ESMA's recommendations regarding the criteria for the proper registration of crypto service providers and the procedure for handling complaints. The report has now been submitted to the European Commission, with ESMA set to assist the government in implementing these recommendations as a consultant.

The House of Lords Communications and Digital Committee has published a report criticizing the government's approach to artificial intelligence. According to them, the focus on security is overly stringent, potentially stifling the development of new technologies.