FameEX Morning Crypto News Recap | August 29, 2023

Concerns Voiced by Lawmakers Regarding Federal Reserve's Stablecoin Guidelines and Their Potential to Hinder Legislative Progress
US lawmakers object to the Federal Reserve's stablecoin regulations, asserting they will deter financial institutions from entering the digital asset ecosystem. They contend that the guidelines obstruct banks from issuing payment stablecoins or taking part in that environment.

UN Secretary-General Antonio Guterres Advocates Restructuring Outdated and Unfair Global Financial System
UN Secretary-General Antonio Guterres underscored the need to update financial institutions to match the current global multilateral scenario. Speaking at a BRICS leaders summit, he stressed the revamp of the current "outdated, dysfunctional, and inequitable" financial system, including institutions like Bretton Woods.

SEC Takes Legal Action Against Impact Theory in Milestone NFT Lawsuit Over Unregistered Token Sales
The SEC has accused Los Angeles media company Impact Theory of selling unregistered securities through crypto tokens. This landmark case is the SEC's first lawsuit involving an NFT offering, reflecting heightened regulatory attention on digital asset transactions.

OpenAI Launches ChatGPT Enterprise — Delivering Quadruple the Power of the Consumer Edition
OpenAI introduces ChatGPT Enterprise, an upgraded AI chatbot for businesses with enhanced speed, security, and potency. The version offers unhindered GPT-4 access with twice the performance speed, accommodating 32,000 token context windows for inputs, outlined in an announcement on August 28th.

Google Adapts Service Policies to Conform with EU Regulations
By August 28, major internet platforms like Google must modify service policies to align with the Digital Services Act's EU standards. Google plans to adjust its policies according to the European Union's Digital Services Act, as disclosed in an August 24 blog post.

Oil Industry Experts See Inclusion of Giants in BRICS as Strategic Victory for China and Russia
The inclusion of major oil players Saudi Arabia, UAE, Iran, Argentina, Egypt, and Ethiopia in BRICS is seen as a strategic victory for China and Russia, according to a German expert. Announced during the annual BRICS summit, this expansion bolsters the bloc's economic sway.

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