BITCOIN

U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that makes America a leader from an innovation point of view but also protects consumers and investors,” explained Congressman French Hill, who will lead the digital asset subcommittee. US Lawmakers Form ‘Congress’ First Ever Digital Assets Subcommittee’ The U.S. House Committee on Financial Services has created a subcommittee on “Digital Assets, Financial Technology and Inclusion.” Congressman Patrick McHenry (R-NC), chairman of the House Financial Services Committee, commented: I’m proud to announce Congressman French Hill as the chairman of Congress’ first ever Digital Assets Subcommittee and vice chair of the full Committee. The tasks of the new subcommittee include “Providing clear rules of the road among federal regulators for the digital asset ecosystem, developing policies that ...

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that most crypto tokens will fail. He has urged investors not to “get caught up in the FOMO, the fear of missing out,” emphasizing that crypto is a highly speculative, non-compliant asset class. Gary Gensler Expects Most Crypto to Fail SEC Chairman Gary Gensler gave some advice on cryptocurrency investing Wednesday during a Twitter spaces discussion hosted by the U.S. Army. Calling crypto a “highly speculative, volatile asset class,” Gensler stressed that most cryptocurrencies “are not complying with securities laws, but they should be.” Noting that crypto is “the Wild West,” he also questioned the use cases of most tokens. The SEC chief warned: Most of these 10,000 or 15,000 tokens will fail. “That’s because venture capital fails, new startups fail, but also because history tells us that there’s not much room for micro currencies, meaning, you know, we have the U.S. dollar and Europe h...

Bill Gates, the co-founder of Microsoft, has given his opinion about the relevance of Web3, metaverse, and AI (artificial intelligence), a set of technologies in development today. Gates stated that AI was “the big” revolutionary technology that is comparable to what the internet was in the year 2000. Bill Gates Considers AI Tech ‘Revolutionary’ Bill Gates, one of the co-founders of software behemoth Microsoft, has issued his opinion when it comes to the state and relevance of several emergent technologies being developed today. In a recent Reddit AMA, Gates showed a preference for AI (artificial intelligence) over other alternatives such as Web3 and the metaverse, when asked about the relevance of this set of technologies being developed, and the similarities these shared with the internet during its early years. Gates stated : AI is the big one. I don’t think Web3 was that big or that metaverse stuff alone was revolutionary but AI is quite revolutionary. However, Gates state...