Washington, July 18 (IANS) US lawmakers have urged the Senate to pass a sweeping digital assets bill, arguing that clear federal rules are needed to protect investors, bring cryptocurrency businesses back from overseas and preserve American leadership in financial technology.The House Financial Services Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence made the case for the CLARITY Act during a hearing at New York’s historic Federal Hall. The legislation would di…
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Washington, July 16 (IANS) US President Donald Trump’s nominee for Director of National Intelligence has pledged to streamline the Office of the Director of National Intelligence (ODNI), saying the agency should focus on oversight and coordination rather than expanding into operational roles. Appearing before the Senate Select Committee on Intelligence on Wednesday (local time), Jay Clayton said the intelligence community must deliver “timely, objective and independent” intelligence to policymak…
Washington, July 16 (IANS) President Donald Trump’s nominee to lead the US intelligence community said that economic security is inseparable from national security, arguing that America’s intelligence agencies must sharpen their focus on China’s economic challenge, artificial intelligence and emerging technologies.Appearing before the Senate Select Committee on Intelligence for his confirmation hearing as Director of National Intelligence (DNI) on Wednesday (local time), Jay Clayton said future …
Washington, June 24 (IANS) US Senate Democrats accused President Donald Trump of allowing foreign financial interests to intersect with US national security policy, alleging that the United Arab Emirates received a series of favourable decisions after investing heavily in the Trump family’s cryptocurrency business.A report released by Democratic staff of the Senate Banking, Housing and Urban Affairs Committee, led by Ranking Member Elizabeth Warren, alleges that UAE-linked officials and entities…
Seoul, April 29 (IANS) South Korea’s antitrust regulator on Wednesday newly designated Kim Bom, founder of US-listed e-commerce giant Coupang, as the company’s de facto controlling entity, placing him under stricter regulatory oversight.Kim, a U.S. citizen who also serves as chairman of the board, was designated as the “same person” of the group, a legal term referring to the individual who effectively controls a conglomerate, the Fair Trade Commission (FTC) said.The FTC’s decision comes as Coup…
New York, April 8 (IANS) Emphasising that the lawsuit brought by the Securities and Exchange Commission (SEC) against him falls outside the US jurisdiction and fails to establish any wrongdoing, billionaire industrialist Gautam Adani has moved a US court seeking dismissal of the securities fraud lawsuit.Arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction, Gautam Adani and his nephew Sagar Adani have asked a court in…
New York, April 7 (IANS) In a key development, Gautam Adani, the Adani Group Chairman, and his nephew Sagar Adani have asked a court in the US to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) against them. They argued though their lawyers that the case falls outside the US jurisdiction and fails to establish any wrongdoing.The defendants are seeking dismissal of the case in full and said they are prepared to appear for a pre-motion conference if required.Adanis said i…