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Brazilian President Luiz Inácio Lula da Silva, known to many simply as Lula, has signed legislation clarifying the role of the country's central bank and securities regulator with regard to cryptocurrencies.

Binance appears to be preparing to exit Cyprus. On its website, the CySEC flagged Binance Cyprus Limited as “under review for deregistration application.”

The European Parliament has adopted the EU AI Act, a comprehensive legislative framework for the governance and oversight of AI technologies in the EU. Parliament passed the measure in a June 14 vote, with the bill receiving a majority of 499 to 28 with 93 abstentions.

Senators Josh Hawley, Republican of Missouri, and Richard Blumenthal, Democrat of Connecticut, introduced a Senate bill on June 14 that would remove current restrictions on artificial intelligence provided to online computer service providers under US federal law. (AI) Special pro protection for companies.

The chief legal officer of US cryptocurrency firm Coinbase, Paul Grewal, has opposed the SEC's proposed rule changes that could change what an exchange is and how digital assets are regulated.

Progress has its downsides, as the Autorité des marchés financiers (AMF), the non-governmental body that regulates the French stock market, has noticed. According to the AMF Ombudsman, digital asset-related mediations will increase dramatically in 2022, as will the number of registered digital asset service providers (DASPs).

New York-based derivatives exchange Bakkt is delisting three popular altcoins due to recent regulatory developments in the United States. According to The Wealth Report, Solana's deal, Polygon and Cardano have been suspended.

The legal troubles at Binance, the world's leading cryptocurrency exchange, continue to mount, a new report suggests that the exchange has been under investigation in France since early 2022.

Attorneys representing the US Securities and Exchange Commission (SEC) have argued that supplemental documents filed by Dentons, the law firm representing Terraform Labs and Do Kwon, in support of its motion to dismiss lack sufficient support to dismiss the case.

Binance.US has asked a court to reject the securities regulator's proposed temporary restraining order on its assets, claiming that such a move would “effectively wind up” its operations.

The Hong Kong Monetary Authority (HKMA) has completed a public consultation on stablecoin regulation, with the goal of introducing clear regulatory guidelines for the stablecoin market by the end of 2024.

The US Securities and Exchange Commission's June 6 lawsuit against Coinbase Global has raised questions about the crypto exchange's approach to managing the ongoing crypto crackdown.

Newly released documents show redactions of a 2018 speech by Bill Hinman, the former director of the SEC's division of corporate finance, suggesting editors fear his statements could undermine the idea of Ether is a kind of security.

British cryptocurrency exchange Bitstamp has joined the list of companies registered with the country's Financial Conduct Authority.

The US Securities and Exchange Commission (SEC) and BAM Trading (Binance's US arm) recently filed a request for a consent order to ease some of the restrictions previously imposed by the SEC on freezing the company's assets.

Ireland's Data Protection Commission (DPC) has reportedly blocked Google's launch of generative artificial intelligence (AI) service Bard in the EU due to privacy concerns.

Members of the US House of Representatives Financial Services Committee met to discuss clarity on the digital asset ecosystem, with some members citing recent legal action by the US Securities and Exchange Commission (SEC) against crypto firms.

The US Labor Department reported on Tuesday that inflation fell to its slowest annual rate in more than two years in May, potentially reducing pressure on the Federal Reserve to keep raising interest rates.

The Federal Reserve decided on Wednesday not to raise interest rates for the 11th time in a row as it weighed the impact of the previous 10 hikes.

UK Prime Minister Rishi Sunak recently announced that Google DeepMind, OpenAI, and Anthropic, three technology companies widely regarded as global industry leaders in generative artificial intelligence (AI) technology, have agreed to provide the UK with early access to their AI models.