The financial world is buzzing with talk about stablecoins and their potential impact on traditional banking. Brian Moynihan, the CEO of Bank of America, has raised concerns that interest-bearing stablecoins could siphon off a massive $6 trillion from bank deposits. This shift could hit small-to-med
Russia is taking steps to make cryptocurrency a part of everyday life. Lawmakers are working on a new bill that could change how people use digital money. This bill would allow regular investors to buy crypto, but with some limits. The head of the finance committee in Russia's parliament, Anatoly A
Pakistan is making waves in the world of digital finance. The country has teamed up with a company tied to former U. S. President Donald Trump to explore using stablecoins for remittances and trade. This move is part of Pakistan's effort to modernize its payment systems and reduce its reliance on ca
Pennsylvania's skill game industry is at a crossroads. For years, small businesses have relied on these machines to boost their income and provide entertainment. But now, the industry faces a big challenge: fair regulation. The skill game industry has grown a lot. It started small, with simple mach
Elon Musk recently spoke up about Grok, the AI tool from his company xAI. He said he didn't know about any "naked underage images" created by Grok. This comes at a time when Grok is facing a lot of attention worldwide. Lawmakers and groups are asking big tech companies like Apple and Google to remov
The U. S. Environmental Protection Agency (EPA) is considering a significant change in how it assesses the benefits of clean air regulations. This shift could potentially weaken protections against some of the most harmful pollutants. For years, the EPA has used health data, such as preventing prem
The FDA has just shared some new rules. These rules are for companies making medicines. The rules are about using AI. AI is like a smart computer program. It can help make new treatments. The FDA worked with a group in Europe. They made these rules together. The rules say that AI should be safe. Th
The U. S. is making moves to figure out how to handle crypto. Paul Atkins, a big shot in the SEC, thinks a new law could be coming soon. This law would help clear up who's in charge of crypto rules - the SEC or the CFTC. Atkins spoke on Fox Business. He said this law is important. It would make thi
A major shift in crypto regulations might be on the horizon. A draft bill from the U. S. Senate Banking Committee suggests that cryptocurrencies like XRP, Solana, and Dogecoin could soon enjoy the same legal status as Bitcoin and Ethereum. This change would exempt them from being classified as secur
The Senate Agriculture Committee has decided to postpone the review of a crucial crypto bill until late January. They want to make sure they have enough backing before moving forward. Chairman John Boozman mentioned that they've made good progress but need more time to finalize details and secure wi
