Category: bill
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New US Bill Aims To Bring Order To Crypto Chaos With Unified Regulations
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Congressman John Rose of Tennessee introduced BRIDGE Digital Assets Act One of the most significant legislative proposals with changes to the regulatory landscape for crypto assets in the United States. The bill creates a joint advisory committee comprised of participants from the SEC and the CFTC, thus aiming to unify…
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US House passes bill targeting China that would limit EV tax credits By Reuters
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By David Shepardson WASHINGTON (Reuters) – The U.S. House of Representatives narrowly approved legislation on Thursday to tighten rules limiting Chinese content in vehicles eligible for U.S. electric vehicle tax credits. The House voted 217-192 to approve the bill, which has not been taken up in the Senate, to tighten…
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UK Parliament Introduces Bill to Recognize Bitcoin and Crypto as Personal Property
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The UK Parliament today introduced the Property (Digital Assets etc.) Bill to formally and legally recognise Bitcoin, cryptocurrencies and other digital assets as personal property. Through this new legislation, for the first time, digital assets such as Bitcoin, other cryptocurrencies, non-fungible tokens (NFTs) and carbon credits will be formally protected…
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US bill to restrict business with China’s WuXi AppTec, BGI passes House By Reuters
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By Karen Freifeld (Reuters) – The U.S. House of Representatives on Monday passed a bill aimed at restricting transactions with China’s WuXi AppTec, BGI and several other biotech companies on national security grounds. The first floor vote was on the Biosecurity Act, which would ban federal contracts with targeted companies…
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Crypto Taxes: What New Zealand’s New Bill Proposal Means
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On 26 August 2024, New Zealand’s Minister of Revenue, Simon Watts, announced, foot A new bill has been introduced to the House of Representatives that could have major implications for the island nation’s cryptocurrency system. The OECD Cryptocurrency Reporting Framework will be implemented The new bill, titled Taxation (Annual Rates…
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Elon Musk supports California’s AI safety bill (NASDAQ:TSLA)
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Abu Gomez Tesla (NASDAQ: TeslaElon Musk, CEO and owner of artificial intelligence company xAI, expressed his support for California’s controversial AI safety bill in a social media post on Monday. “This is a difficult decision and it will make some people upset, but considering everything, I think I will make…
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Explainer-Big Tech wants AI to be regulated. Why do they oppose a California AI bill? By Reuters
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By Greg Bensinger SAN FRANCISCO (Reuters) – California lawmakers are set to vote on a bill this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants voice widespread opposition. Here’s some background on the bill, known as SB…
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Bitcoin bill gains support, thousands push US senators to back it
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US citizens are backing a bill to create a strategic reserve for Bitcoin following statements from former President Donald Trump and Wyoming Senator Cynthia Lummis. According to Bitcoin (BTC) advocate Dennis Porter, nearly 3,000 American voters required Senate backs Bitcoin Strategic Reserve bill. Porter confirmed that Democratic senators received the…
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US Senate Moves Bitcoin Reserve Bill To Banking Committee
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At the recent Bitcoin conference in July, cryptocurrency advocate Senator Cynthia Lummis announced plans to introduce a bill that would allow the US government to adopt Bitcoin as a strategic reserve asset. Five days after Loomis’ announcement, there have been some encouraging developments with what could be the most significant…
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Bitcoin Reserve Push: Over 1,100 Letters Sent To US Senators For Bill Support
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Bitcoin as a strategic reserve asset in the United States is seeing a major reaction from the cryptocurrency industry as Dennis Porter, CEO and co-founder of the Satoshi Action Fund, announced open A huge wave of messages from the community to US Senators He urged them to support the bill…
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Bitcoin Reserve Push: Over 1,100 Letters Sent To US Senators For Bill Support
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Bitcoin as a strategic reserve asset in the United States is seeing a major reaction from the cryptocurrency industry as Dennis Porter, CEO and co-founder of the Satoshi Action Fund, announced open A huge wave of messages from the community to US Senators He urged them to support the bill…
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Senator Cynthia Lummis Announces Bill for US To Buy 1 Million Bitcoin
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Senator Cynthia Lummis (R-Wyoming) has announced plans to introduce legislation that would direct the U.S. government to hoard 1 million bitcoins, which would be worth more than $68 billion at current prices. Occur in Bitcoin Conference 2024 In Nashville, Loomis said the bill would allow the U.S. Treasury to buy…
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Debut of Bill Ackman’s new fund delayed but expected to proceed By Reuters
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By Svea Herbst Bayliss (Reuters) – The U.S. launch of billionaire investor Bill Ackman’s new Pershing Square USA fund has been delayed without giving a reason, the New York Stock Exchange said on Friday. The exchange said on its website late Friday that the initial public offering, which was expected…
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Debut of Bill Ackman’s new fund delayed but expected to proceed By Reuters
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By Svea Herbst Bayliss (Reuters) – The U.S. launch of billionaire investor Bill Ackman’s new Pershing Square USA fund has been delayed without giving a reason, the New York Stock Exchange said on Friday. The exchange said on its website late Friday that the initial public offering, which was expected…
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Bill Ackman’s own hedge fund is asking investors to ignore what he says
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It’s not every day that a company asks shareholders to disavow any comment made by its parent company’s largest shareholder and its chief executive. But that’s exactly what Pershing Square USA Ltd. did on Thursday when it blamed Wall Street speculator Bill Ackman. In a letter marketing his new closed-end…
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Bipartisan bill seeks to combat AI Deepfake misuse with watermarking and provenance
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A bipartisan group of senators has introduced a new bill that aims to combat the misuse of fake content using artificial intelligence by requiring such content to be watermarked. BillSen. Maria Cantwell (D-Wash.), Sen. Marsha Blackburn (R-Tenn.), and Sen. Martin Heinrich (D-N.M.) have introduced a proposal that proposes a uniform…
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Bipartisan bill seeks to combat AI Deepfake misuse with watermarking and provenance
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A bipartisan group of senators has introduced a new bill that aims to combat the misuse of fake content using artificial intelligence by requiring such content to be watermarked. BillSen. Maria Cantwell (D-Wash.), Sen. Marsha Blackburn (R-Tenn.), and Sen. Martin Heinrich (D-N.M.) have introduced a proposal that proposes a uniform…
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Moody’s downgrades Kenya after rejection of Ruto’s Finance Bill 2024
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Global rating agency Moody’s on Tuesday downgraded Kenya’s credit rating, citing the country’s inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024. The downgrade means Kenya’s local and foreign currency debt obligations have moved further into junk territory, from ‘B3’ to ‘Caa1’. A junk…
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President Ruto directs Sh346 billion budget cut after Finance Bill rejection
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President William Ruto has directed the National Treasury to prepare a mini-budget for the financial year starting in July after rejecting the 2024 Finance Bill, which was expected to raise an additional Sh346 billion. President Ruto on Friday signed the 2024 Fiscal Appropriation Bill, which allows the national government and…