California Governor Gavin Newsom has vetoed SB 1047, a high-profile bill that would have regulated the development of AI. The bill was authored by State Senator Scott Wiener and would have made companies that develop AI models liable for implementing safety protocols to prevent “critical harms.” The rules would only have applied to models that […]
President Biden vetoes crypto custody bill
President Joe Biden has vetoed H.J.Res. 109, a congressional resolution that would have overturned the Securities and Exchange Commission’s current approach to banks and crypto. Specifically, the resolution targeted the SEC’s Staff Accounting Bulletin 121, which presents guidance around how banks can handle customers’ crypto assets — in effect, they must treat those assets as […]
President of Panama Partially Vetoes Crypto Law Passed by National Assembly
Laurentino Cortizo, president of Panama, has exercised his veto powers to make a series of objections to the recently approved cryptocurrency law. The observations of the president only touch on certain articles and do not affect the law in its entire scope. However, these articles of the bill will have to be re-discussed, taking into […]