Genius Act: Senate advances the first legislation on cryptocurrency

Cnn – The Senate voted 66-32 Monday evening to advance the first legislation of its kind to regulate the “stablecoins”, a kind of cryptocurrency. Democrats initially voted to block the bill earlier this month during the concerns about President Donald Trump’s cryptocurrency agreements. The legislation, known as Genius Act, focuses on what is called Stablecoin,…

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OpenAI’s Sam Altman rips ‘naive’ critics of Trump-backed AI chip deals with UAE, Saudi Arabia

Openai boss Sam Altman defended the Trump administration’s decision to support the artificial intelligence of agreements with Saudi water and Arabia while exploding criticism of arrangements as “naive”. Several AI agreements were announced during the recent Trump Middle East tour – including a pact in which Nvidia and AMD have agreed to sell thousands of…

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