The council, co-chaired by White House AI and crypto czar David Sacks and science advisor Michael Kratsios, include Mark Zuckberg, Larry Ellison and Jensen Huang.

Despite an IMF warning regarding the potential risks, the Marshall Islands is proceeding with a partnership which could expand its digital sovereign bond to institutional markets.

The task force will work with industry participants to develop regulatory approaches for crypto, AI and prediction markets.

The long-anticipated audit could address years of scrutiny over Tether’s reserve disclosures, though the company has not named the accounting firm.

A letter to the influencer and the CEO of his holding company expressed concerns about whether the two will allow minors to trade crypto through a recently acquired banking app.

The SEC’s crypto classification proposal is under White House review, marking a key step in defining how digital assets are treated under US securities law.

The SEC chair signaled that the agency would defer to a market structure bill if passed by Congress, but needed a “bridge” to clarify crypto regulation.

The memorandum of understanding with CFTC Chair Michael Selig comes as many US state authorities are cracking down on sports event contracts on prediction markets.