Bloomberg Intelligence says China's AI advances pose questions about the sustainability of US technological supremacy in the sector https://t.co/LQPkVXm7dj
LATEST: 🇺🇸 The US crypto industry is estimated to support 232,000 jobs and contribute more than $55B to the economy in 2026, per a National Cryptocurrency Association report.
OpenAI President Greg Brockman acknowledged that Moonshot AI had developed a competitive new artificial intelligence model and said he wasn’t sure whether the Chinese firm had piggybacked on the ChatGPT maker’s technology. https://t.co/ZzkmTJqFbB
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The Clarity Act is ready for a full Senate floor vote.
The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors like FTX can harm U.S. customers and much of the industry has gone offshore totally outside U.S. purview. This bill fixes that with strong consumer protections, real tools for law enforcement, and a path for America to lead in this industry.
Crypto can't be uninvented at this point, so whether you love crypto or hate crypto, you should want clear federal laws. And it's also simply good politics: 70% of American voters say the U.S. should have already passed comprehensive crypto legislation.
Let's finish this!
Special thanks to the @standwithcrypto members who sent 950k contacts to their representatives in congress. Keep it up.