News list for " the commission"
On September 23rd, Harry Jung, deputy director of the US President's Digital Asset Advisory Committee, and Patrick Witt, executive director, shared the core goals of the committee's work at the KBW 2025 summit in South Korea: to accelerate the passage of the Digital Asset Act, build a strategic bitcoin reserve, provide clear crypto tax guidance through the Internal Revenue Service and the Treasury Department, and protect the rights and interests of technology developers. The two said that in the...
On September 5, Patrick Witt, executive director of the White House Digital Asset Advisory Council, will attend the KBW 2025 Summit and give a speech. It is reported that Patrick Witt will cut in from the US policy level and bring profound insights and unique perspectives to the future development of global digital assets. The KBW 2025 Summit will be held in Seoul on September 23rd and 24th.
On April 23rd, the Solana Foundation introduced a new policy to enhance decentralization: for every new validator in its Delegation Program, three will be removed if some validators have been eligible for Solana Foundation mandates on the mainnet for at least 18 months and have pledged less than 1,000 SOLs outside of Solana Foundation mandates. This change is designed to reduce reliance on Foundation mandates, encourage community-backed validators, and maintain a more efficient and decentralized...
Miao Hua, a member of the Central Military Commission and director of the Political Work Department of the Military Commission, was suspected of serious disciplinary violations. After research by the Party Central Committee, it was decided to suspend Miao Hua for inspection. (Chinese military number)
The US FTC said on September 25 that it would launch "Operation AI Comply" as part of a new round of "enforcement actions" to crack down on five companies that "rely on artificial intelligence for deceptive or unfair practices that harm consumers". "It is against the law to use artificial intelligence tools to deceive, mislead or defraud others," Lina Khan, chair of the US FTC, said in a statement, adding that enforcement actions made clear that "artificial intelligence is not exempt from the la...
According to an announcement issued by the CFTC, the commission recovered $18 million worth of digital assets linked to an alleged commodity pool Ponzi scheme. Sam Ikkurty, an Oregon man, is allegedly accused of defrauding investors from an alleged "crypto hedge fund" in which Ikkurty promised to return "net profit" to investors but failed to deliver, not even telling investors that the fund's performance had dropped 98.99% in a few months. U.S. District Court Judge Mary Rowland for the Northern...
On June 16, Securities Exchange Commission Commissioner Mark Uyeda acknowledged that asset tokenization, including the tokenization of securities, has potential benefits, and that representing asset rights with digital tokens on the blockchain can provide "security, transparency, and immutability". Tokenization eliminates the need for intermediaries, thereby simplifying transactions and reducing transaction costs. Uyeda calls tokenization more...
The Office of the Privacy Commissioner for Personal Data has completed an investigation into the Worldcoin "Worldcoin" project. The Privacy Commissioner Chung Lai-ling has ruled that the operation of "Worldcoin" in Hong Kong violates the Privacy Ordinance, and has issued an enforcement notice to stop the collection of iris and facial images of the public through iris scanning devices. The results of the investigation revealed that "Worldcoin" violated the data protection principles of the Privac...
