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FTC warns businesses against misleading AI claims with legal action and enforcement.
AI Claims

FTC Legal Action Against Misleading AI Claims: Industry Reaction

The FTC issues a warning to businesses about exaggerating AI capabilities, taking legal action against companies like DoNotPay and Ascend Ecom for deceptive practices. Learn about the implications ...

consumer protectionUS lawmakers discussing stablecoin regulation and legislation.

US Lawmakers Push for Stablecoin Legislation by December 2023

Maxine Waters and Patrick McHenry aim to finalize stablecoin regulation by year-end, focusing on consumer protection and federal oversight. Their legislative efforts could end a two-year debate on ...

Consumer ProtectionUS politicians urging SEC to revoke cryptocurrency custody rule SAB 121.

US Politicians Pressure SEC to Revoke Controversial Cryptocurrency Custody Rule

Over 40 Republicans urge SEC to revoke Staff Accounting Bulletin No. 121, arguing it weakens consumer protections and stifles financial innovation. The rule mandates reporting cryptocurrencies as l...

ASICA meeting at the AFR Digital Asset Summit discussing crypto asset regulation.

ASIC to Revise Crypto Asset Classification Guidelines

ASIC plans to update guidelines for crypto asset classification by November, requiring many firms to obtain financial services licenses to clarify regulatory alignment and mitigate consumer risks.