US regulators say banks don't need to hold extra capital against losses when dealing with blockchain-based securities, calling their rules “technology neutral”
U.S. banking regulators clarified on Thursday that banks should not have to hold additional capital against losses …
Major insurers have recently sought permission from US regulators to offer policies excluding liabilities tied to businesses deploying AI chatbots and agents
AIG, Great American and WR Berkley seek permission to limit liability from AI agents and chatbots
Sources: OpenAI and Microsoft talks have become so fraught that OpenAI executives discussed accusing Microsoft of anticompetitive behavior before US regulators
The startup, growing frustrated with its partner, has discussed making antitrust complaints to regulators
Sources: Figma has met with banks in recent weeks to discuss an IPO that could come as soon as 2025; EU and US regulators stymied its $20B sale to Adobe in 2023
The may not get $20B in the IPO but they've avoided the inevitable enshitification an Adobe acquisition would have caused.
Customers of banking startups like Yotta describe losing savings ranging from $7,000 to $200,000+ due to Synapse's collapse, after US regulators refused to help
Customers believed the accounts were backed by the full faith and credit of the U.S. government. … Augie Ray / @augieray@mastodon.social : For fifteen years, I've heard how traditional financial servi...
Sources: the US FTC plans to investigate allegations that Microsoft is abusing its market power in productivity software to prevent customers from leaving Azure
Unfortunately for big tech, JD Vance is a big fan of Lina Khan and has described here as “doing a pretty good job” so the election is unlikely to be a respite from FTC investigations. … X: Daniel Newm...
Filing: US regulators rejected a proposal to let Amazon buy nuclear power for AWS data centers in Pennsylvania over energy grid reliability and other concerns
Laila Kearney / Reuters :
Filing: US regulators rejected a proposal to let Amazon buy nuclear power for AWS data centers in Pennsylvania over energy grid reliability and other concerns
Anissa Gardizy / The Information :
The ramifications of a potential US crackdown against Tether, a noticeable player in the market for US debt, will extend beyond the digital asset industry
Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year …
NHTSA opens a probe into Tesla's Full Self-Driving, covering 2.4M vehicles, after four reported crashes in low-visibility situations, including one fatal crash
Feds open new safety investigation Matt Binder / Mashable : Tesla's Full Self-Driving software is under federal investigation Felix Reeves / GB News : Tesla faces investigation over fears Full Self-Dr...