Cryptocurrencies have everything to gain from new regulators and a receptive Congress | Skadden, Arps, Slate, Meagher & Flom LLP

Key Points A Republican president and Congress are expected to be more supportive of digital assets than the current administration. There is a reasonable chance that legislation creating a regulatory framework for cryptocurrencies will move forward. Under the leadership of Republican candidate for SEC Chairman Paul Atkins, the SEC is expected to be less aggressive…

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Russian Businesses Using Crypto for International Payments

Russian companies are reportedly using bitcoin and other cryptocurrencies to make international payments. It’s a trend that follows legislative changes that have allowed these types of payments to circumvent Western sanctions, Reuters reported Tuesday, December 26, citing comments from the Russian Finance Minister Anton Siluanov. As the report notes, the sanctions – imposed following Russia’s…

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MIT Says AI Can Replace 11.7% of US Workforce

AI systems can already perform tasks equivalent to 11.7% of the U.S. workforce, according to research of the Massachusetts Institute of Technology published Wednesday (November 26). That’s about $1.2 trillion in wages tied to potentially automatable work in finance, healthcare, and professional services. The estimate comes from MIT’s new labor analysis tool, the Iceberg Index,…

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