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Sam Altman’s sincerity impressed lawmakers at Tuesday’s hearing as he discussed AI’s destructive potential and supported proper regulation. OpenAI CEO and Worldcoin co-founder Sam Altman recently testified in a US Congress hearing on artificial intelligence (AI). At Tuesday’s ‘historic’ hearing, Altman discussed possible government regulation of the AI space and fielded
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U.S. Treasury Secretary Janet Yellen has warned again about the consequences of the U.S. defaulting on its debt. During a press conference in Niigata, Japan, Yellen stated that this would be a self-inflicted crisis, and urged Congress to act quickly on the matter, stating that defaulting would be an unthinkable
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OpenAI CEO Sam Altman will make his first appearance before Congress on May 16 to discuss artificial intelligence (AI) regulation in the United States during a hearing on oversight. Also testifying will be IBM’s chief privacy and trust officer, Christina Montgomery — who is a member of the U.S. National Artificial
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A new draft bill providing a framework for stablecoins in the United States was published on the House of Representatives' document repository, a few days before a hearing on the topic on April 19. The draft puts the Federal Reserve in charge of non-bank stablecoin issuers, such as crypto firms
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The United States Securites and Exchange Commission chief Gary Gensler is set to testify before the the House Financial Services Committee for the first time.In an interview, Patrick McHenry, chairman of the Financial Services Committee, confirmed that the SEC chief would have to face Congress' questions over his approach towards
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On Thursday, TikTok CEO Shou Zi Chew appeared before US Congress to address several pertinent issues, including user data protection. Yesterday, TikTok CEO Shou Zi Chew concluded his first public hearing before the US Congress. Chew attempted to dispel legislators’ claims that the Chinese-based social media platform threatens US national security. At the
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Representatives from the Federal Deposit Insurance Corporation and Federal Reserve will be testifying before the United States House Financial Services Commission in a newly announced hearing investigating the collapse of two major banks.In a March 17 notice, Representatives Maxine Waters and Patrick McHenry — ranking member and chair of the
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Biden said the administration needs to reduce the risks of a future recurrence and protect American jobs and small businesses. The President of the United States Joe Biden has weighed in on the sudden and recent collapse of Silicon Valley Bank (SVB) and Signature Bank (NASDAQ: SBNY). Many SVB clients pulled
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Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive stressed. Coinbase’s CEO on Cryptocurrency Regulation The CEO of the Nasdaq-listed cryptocurrency exchange
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“In every other country in the world … there’s one market regulator,” Shirzad said. “They provide ground rules around what kind of investor protections [and] market integrity rules you need, and the crypto ecosystem can operate under those rules,” he said, giving crypto companies the ability to “to innovate, grow,
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