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Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar. Its passage had not always been assured. Back…
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Australia Passes Groundbreaking Cyber Security Law
Australia passed its first-ever Cyber Security Act on Nov. 25, introducing various measures to strengthen the nation’s defenses. Among its key provisions is a requirement that organisations report to the government if they pay ransomware criminals — a practice that has become widespread globally. The Cyber Security Act follows Australia’s Cyber Security Strategy 2023-2030. The strategy, designed to position Australia…
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FCC passes auto safety spectrum rules
The Federal Communications Commission (FCC) has voted to finalize new spectrum rules that will push cellular vehicle-to-everything (C-V2X) communications technology forward. C-V2X will use existing cellular networks to send messages from vehicle to vehicle, vehicle to infrastructure, vehicle to cyclists, or vehicle to pedestrians to warn of each other’s presence for safety purposes. It could cross-alert for hazardous road conditions,…
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California State Assembly passes sweeping AI safety bill
The California State Assembly has passed the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB 1047), Reuters reports. The bill is one of the first significant regulations of artificial intelligence in the US. The bill, which has been a flashpoint for debate in Silicon Valley and beyond, would obligate AI companies operating in California to implement a…
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