The US Securities and Exchange Commission (SEC) recently filed settled charges against Abra, a crypto lending firm, for failing to register its crypto asset lending product, Abra Earn. The SEC also filed settled charges against Plutus Lending LLC, Abra’s owner, for operating as an unregistered investment company. Stacy Bogert, Associate Director of the SEC’s Division
Regulation
The joint statement released by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek highlights the challenges posed by the European Union’s fragmented regulatory structure on artificial intelligence (AI) innovation. They pointed out that the current regulatory framework in the EU is hindering the growth and development of AI technologies by creating inconsistent and overlapping
