Author: NBTC

Elon Musk’s artificial intelligence company, xAI, has filed a lawsuit against the state of Colorado, seeking to block incoming AI rules that restrict speech from AI chatbots like Grok. The AI company is specifically challenging Colorado’s Senate Bill 24-205, which aims to protect AI users from “algorithmic discrimination” in areas like employment, housing and finance. However, in a filing to a US district court in Colorado on Thursday, xAI argued that “Colorado cannot alter xAI’s message simply because it wants to amplify its own views on the highly politicized subjects of fairness and equity.” The company further argued that the…

Japan has taken a significant step in regulating the cryptocurrency market. On April 10, the Japanese government cabinet approved an amendment to the Financial Instruments and Exchange Act, officially paving the way for crypto assets to be classified as “financial products.” This development means that crypto assets, previously considered a “means of payment” under the Payment Services Act, will now be subject to a stricter regulatory framework. The new regulations aim to increase transparency and investor protection in the cryptocurrency market. Accordingly, insider trading will be prohibited, and issuers will be required to report annually. In addition, the official title…

Ripple CEO Brad Garlinghouse has thrown support behind U.S. Treasury Secretary Scott Bessent’s urgent plea for Congress to pass the Digital Asset Market Clarity Act. Garlinghouse took to social media to emphasize a pragmatic approach to the much-talked-about crypto legislation with a straightforward message: “Progress > Perfection.” The push from both government and industry leaders comes as the highly anticipated market structure bill remains deadlocked in the Senate Banking Committee. In an op-ed published by Bessent in The Wall Street Journal, the Treasury Secretary claimed that the Clarity Act was an absolute national security priority. “Congress has spent the better…

French officials are pushing for tighter oversight of crypto from two directions, as a Bank of France official called for stricter limits on non-euro stablecoins under the European Union’s Markets in Crypto-Assets Regulation (MiCA), and lawmakers in Paris advanced a separate reporting requirement for some self-custody holdings. Denis Beau, First Deputy Governor of the Bank of France, delivered a speech at the EUROFI High Level Seminar in March, calling on the EU to restrict the use of stablecoins for payments, particularly those pegged to non-euro currencies. Published on the Bank for International Settlements (BIS) website on Thursday, he said the…

The White House warned staff against improperly using confidential information to place bets in futures markets after suspicious oil trades ahead of President Donald Trump’s March 23 Iran announcement drew scrutiny, according to Reuters. Reuters reported on Thursday that the White House sent the internal email on March 24, a day after Trump ordered a five-day delay in attacks on Iran’s energy infrastructure. The warning followed a roughly $500 million bet on Brent and West Texas Intermediate crude futures placed in a one-minute burst shortly before Trump’s March 23 announcement, according to Reuters calculations based on exchange data. Oil prices…

ECB backs shifting supervision of systemic crypto firms and venues from national regulators to esma as part of a wider eu capital markets integration push. The European Central Bank (ECB) has endorsed an EU plan to shift supervision of systemically important crypto asset service providers, major trading venues, and central counterparties away from national regulators and into the hands of the European Securities and Markets Authority (ESMA). In an opinion backing the European Commission’s “market integration and supervision” package, the ECB said centralizing oversight would “ensure consistent, high‑quality supervision of cross‑border market players” and reduce the risk of regulatory blind…

Steve Aoki told CoinDesk in August 2021 that NFTs would be “part of culture” within five years. Almost exactly five years later, he is liquidating what’s left of his crypto portfolio. Arkham Intelligence data shows Aoki’s wallet sold 1.785 billion SHIB for roughly $10,300 and swapped 7.25 ETH for approximately $15,900 on Monday, routing $29,650 in USDT to Gemini. Two weeks earlier, the same wallet sold 4.155 billion PEPE through 1inch for $14,700. Smaller stablecoin movements of $600 to $1,700 through MetaMask filled in the gaps between the larger exits. These sales are pocket change but the losses are not.…

In a new report, TRM Labs stated that while illicit finance threats remain in Latam, including cartel-linked OTC brokers, Venezuelan sanctioned flows, and Chinese laundering networks, regulations are encircling these threats, with every major Latam market increasing its compliance efforts. Key Takeaways: TRM Labs reports stablecoins drive 95% of illicit Latam inflows, forcing VASPs to upgrade tech next. The Sinaloa Cartel laundered $103B in 2025, pushing governments to enforce upcoming AML laws. Following these reports, Latam countries are enhancing their compliance standards. TRM Labs: Regulation is Narrowing Threat Windows In Latam Crypto regulations are advancing internationally, and Latam is not…

Cryptocurrency exchange in Russia will be carried out only through non-cash transactions, according to a high-ranking executive of its monetary authority. This will strengthen controls over financial flows involving digital assets, the official emphasized while clarifying various aspects of the upcoming regulations. Russians will not be allowed to sell crypto for paper rubles Cashing out Bitcoin for banknotes won’t be an option for Russian citizens under their country’s new regulatory framework for cryptocurrencies. This was made clear by Vladimir Chistyukhin, First Deputy Chairman of the Central Bank of Russia (CBR), who answered questions about the legislation set to be adopted…

Brian Armstrong, the Coinbase CEO who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s time” for the legislation to pass after months of delays. In a Thursday X post, Armstrong said that Coinbase agreed with comments from US Treasury Secretary Scott Bessent in a recent Wall Street Journal op-ed, in which he urged Congress to act on the crypto bill soon. According to the CEO, the current version of the legislation, after months of negotiations between lawmakers and representatives from the crypto and banking industries, was a “strong bill.” “It’s time to…