FameEX Morning Crypto News Recap | September 18, 2024

US Lawmakers Advocate for Crypto Regulation Bill, Expected to Pass This Year

U.S. Congressmen Patrick McHenry and Cynthia Lummis anticipate the crypto regulation bill will pass by year-end. Lummis, speaking at Georgetown University, highlighted the Senate Agriculture Committee's efforts, which could secure bipartisan support and add essential details to the negotiations as the year concludes.

Scientists Urge Global Regulation to Prevent AI from Spiraling Out of Control

On September 16, a group of leading AI scientists called for the creation of a global regulatory framework to prevent humans from losing control of AI. They warned that uncontrolled or malicious use of AI systems could lead to catastrophic consequences for humanity, emphasizing that current science is insufficient to manage and safeguard advanced AI.

Rabobank: U.S. Presidential Election Likely to Impact Dollar's Direction

Rabobank predicts that the U.S. presidential election in November will significantly influence the dollar’s trend in late 2024 and early 2025. If Trump wins, higher inflation and looser fiscal conditions could halt the Fed’s easing cycle. A Harris victory, however, could lead to more rate cuts, weakening the dollar compared to a Trump presidency.

Microsoft to Launch Two Artificial Intelligence Centers in Abu Dhabi

Microsoft is expanding its global AI strategy by establishing two major centers in Abu Dhabi. These centers will focus on advancing AI technology, integrating digital security and cybersecurity into model training and deployment. They will also implement processes to enhance AI systems' defenses against detection, testing, and potential attacks, promoting secure and resilient AI development.

Circle Expands USDC Operations to Brazil and Mexico

Stablecoin issuer Circle has launched its USDC stablecoin in Brazil and Mexico, allowing users to directly convert Brazilian reals and Mexican pesos into USDC without needing to exchange fiat currencies into U.S. dollars. This move simplifies the process of accessing USDC in these two markets.

DeFi Technologies Files Form 40-F with SEC, Preparing for Nasdaq Listing

DeFi Technologies has filed a 40-F registration form with the U.S. Securities and Exchange Commission, preparing for a Nasdaq listing. The company, which owns several cryptocurrency-focused subsidiaries, including ETF operator Valour, currently trades on Canadian exchanges under the ticker DEFI and on the OTC market as DEFTF.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.