FameEX Morning Crypto News Recap | September 18, 2024

US Lawmakers Push for Crypto Regulation Bill, Anticipated to Pass This Year

U.S. Congressmen Patrick McHenry and Cynthia Lummis expect the crypto regulation bill to pass by year-end. Lummis, speaking at Georgetown University, emphasized the Senate Agriculture Committee's efforts, which could gain bipartisan support and contribute crucial details to the final negotiations.

Scientists Call for Global Regulation to Keep AI in Check

On September 16, leading AI scientists urged the establishment of a global regulatory framework to prevent humans from losing control of AI. They cautioned that unchecked or malicious AI use could have catastrophic effects on humanity, highlighting the current lack of adequate science to manage and protect advanced AI systems.

Rabobank: U.S. Presidential Election Expected to Influence Dollar's Trend

Rabobank forecasts that the U.S. presidential election will significantly impact the dollar’s trajectory in late 2024 and early 2025. A Trump victory could halt the Fed’s easing cycle due to higher inflation and looser fiscal policies, while a Harris win might result in more rate cuts, leading to a weaker dollar.

Microsoft to Open Two AI Centers in Abu Dhabi

Microsoft is expanding its global AI strategy with two new centers in Abu Dhabi. These centers will advance AI technology while integrating digital security and cybersecurity into model training and deployment. They will also strengthen AI systems' defenses against detection, testing, and attacks, ensuring secure and resilient AI development.

Circle Launches USDC in Brazil and Mexico

Circle has introduced its USDC stablecoin in Brazil and Mexico, enabling users to directly convert Brazilian reals and Mexican pesos into USDC without exchanging them for U.S. dollars. This simplifies access to USDC in both markets.

DeFi Technologies Submits Form 40-F to SEC in Preparation for Nasdaq Listing

DeFi Technologies has submitted a 40-F registration form to 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 under the ticker DEFI on Canadian exchanges and DEFTF on the OTC market.

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