FameEX Morning Crypto News Recap | September 13, 2023
Reintroduction of 'CBDC Anti-Surveillance State Act' by 50 U.S. Legislators to Safeguard 'American Values
Fifty U.S. lawmakers have reintroduced the CBDC Anti-Surveillance State Act to prevent the Federal Reserve from issuing a retail central bank digital currency (CBDC) while preserving innovation and genuine digital cash development. Congressman Tom Emmer emphasizes the importance of safeguarding financial privacy and opposes compromising Americans' rights for a surveillance-oriented CBDC.
JPMorgan CEO Jamie Dimon's Warning: Recession Looms, Disputes Long-Term U.S. Economic Boom
Jamie Dimon, JPMorgan Chase's chairman and CEO, cautions against assuming long-term economic boom in the U.S., citing numerous risks. He emphasizes the importance of considering the future and warns about quantitative tightening amid excessive global spending.
India's Crypto Position to Be Concluded in the Upcoming Months, Affirms Economic Affairs Secretary
India's economic affairs secretary has stated that the Indian government will determine its stance on cryptocurrency in the next few months. They will carefully evaluate recommendations from the G20 summit on crypto regulation before formulating their policies and taking subsequent actions.
Grammy CEO Addresses Ineligibility of AI-Generated Drake Song for Award Due to Copyright Concerns
The CEO of the Recording Academy, responsible for the Grammy Music Awards, has definitively declared an AI-generated Drake song as "not eligible" for award nomination. This decision stems from the song's vocals being obtained illegally and lacking clearance from the label or artist. The CEO's statement aims to dispel any misunderstandings regarding the track's eligibility for Grammy consideration.
Over 50 Virtual Currency Platform Operators Express Interest in Entering the Taiwanese Market
Approximately 52 virtual currency operators are keen to enter Taiwan's financial market, according to the Financial Supervisory Commission. Additionally, the commission intends to unveil the region's inaugural virtual asset management guidelines in September.
Rep. Tom Emmer Reintroduces Bill Opposing Central Bank Digital Currency to Congress
Rep. Tom Emmer has reintroduced legislation to prevent unelected Washington officials from issuing a central bank digital currency (CBDC). He expressed concerns about compromising financial privacy for a surveillance-style CBDC under the Biden administration's stance.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.