Regulation

Trump Crypto/AI Czar Pick Is Longtime Critic of Regulation

December 08, 2024

America’s incoming cryptocurrency/AI czar has a resume long on regulatory skepticism, short on industry expertise. That’s according to a report Friday (Dec. 6) by Bloomberg News, looking into President-elect Donald Trump’s nomination of David Sacks to help shape the administration’s artificial intelligence (AI) and crypto...

artificial intelligence

AI Adoption Still in ‘Very Early’ Stages, BlackRock Exec Says

December 08, 2024

Investment giant BlackRock expects 2025 to be a big year for infrastructure and cybersecurity. And the artificial intelligence (AI) boom will play a major role in those investments, Jay Jacobs, BlackRock’s U.S. head of thematic and active ETFs, told CNBC in a report published Saturday...

Cryptocurrency

Coinbase: FDIC Put Brakes on Crypto Banking at US Lenders

December 08, 2024

Coinbase is reportedly accusing an American financial regulator of hindering cryptocurrency banking activity. That’s according to a Friday (Dec. 6) report by Coindesk, citing court documents unearthed by History Associates, a research firm working with Coinbase that sued the Federal Deposit Insurance Corp. (FDIC) and...

CFPB

CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees

December 08, 2024

A federal judge has upheld an order blocking a cap on credit card late fees. U.S. District Judge Mark Pittman in Fort Worth declined last week to dissolve an injunction he issued in May to block the Consumer Financial Protection Bureau’s (CFPB) $8 limit on...

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