Iran is demanding oil tankers passing through the Strait of Hormuz pay a toll in cryptocurrency, highlighting its importance to the Iranian regime and economy
Mark Moran, an underdog Senate candidate from Virginia, claims he wanted to get caught violating the prediction market platform’s rules
Ahead of a planned implementation in 2027, the FCA is seeking feedback on stablecoins, trading platforms, custody, and staking
Older Americans bore nearly 40% of all crypto fraud losses in 2025, as investment scams and crypto ATM fraud ran rampant
The Trump administration's highly-anticipated recommendations for Congress on AI offer lawmakers a list of priorities rather than a concrete legislative plan. Why it matters: Though the framework marks a starting point from the White House, it will be incredibly hard for Congress to pass anything like it — even with Republicans in control. Disagreements over AI policy go well beyond Republican vs. Democrat, and they overlap with broader tech policy debates that Congress has never been able to solve. Friction point: The four-page framework calls on lawmakers to limit the ability of states to set their own rules for the technology, setting up a renewed clash with states and Congress over the future of AI regulation. It's not tied to any specific bills and doesn't resolve longstanding issues around protecting kids and overriding state law. What's inside: The framework says Congress should "preempt state AI laws that impose undue burdens to ensure a minimally burdensome national standard consistent with these recommendations, not fifty discordant ones." The proposal calls on Congress to: Address the use of AI replicas that simulate someone's likeness or voice.Codify President Trump's pledge to require tech companies to pay for their increased energy demands.Establish "regulatory sandboxes" to allow developers to experiment with AI under relaxed rules. It also focuses on kids' online safety: "AI services and platforms must take measures to protect children, while empowering parents to control their children's digital environment and upbringing," the framework states. Our thought bubble: It's a sign that this move is about the White House staking out a position and pointing to the framework as a demonstration it tried to set the rules of the road, rather than advancing a bill. The White House's biggest efforts on AI policy are focused on squashing state efforts to regulate the technology. Between the lines: The framework says the Trump administration "believes that traini
OpenAI's new policy blueprint outlines steps the industry can take to combat AI-enabled child sexual exploitation
The CFTC is suing Illinois Governor JB Pritzker and the state, escalating its effort to assert its oversight over prediction markets
The White House is considering lifting sanctions on Iranian oil that's at sea to keep oil prices down, Treasury Secretary Scott Bessent said Thursday. Why it matters: The administration is pulling out all the stops — even easing up an economic threat to its enemy in war — to keep down oil prices. The latest: The price of Brent crude, the global benchmark, spiked 10% in just the past 24 hours, driving increasing worries among investors. Brent is now around $111 per barrel — nearly 60% higher than pre-war levels. Zoom in: "In the coming days, we may unsanction the Iranian oil that's on the water," Bessent told Fox Business Thursday morning. He said that would make up about 140 million barrels — about 10 days to two weeks of supply."In essence, we'd be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days, as we continue this campaign. So, we have lots of levers." The big picture: The White House has been able for the past few weeks to contain prices with various assurances and policies — promising tanker escorts through the critical Strait of Hormuz, waiving the Jones Act, and temporarily lifting sanctions on Russian oil. Zoom out Lifting sanctions on Iranian oil would be a remarkable next step — as it was something Iranians were asking for in negotiations last year. The White House referred Axios' questions about Iranian sanctions to the Treasury Department, which didn't immediately respond to a request for comment or more details. The bottom line: The administration appears to be conceding something in war that it was unwilling to give in peace, says Nicholas Mulder, a sanctions expert and professor at Cornell University. "The U.S. has to dial back sanctions to offset the second order effect of war," he says. "It speaks to the instability of the situation."
California Governor Gavin Newsom signed an executive order Friday to ban public officials from using inside info on prediction markets
The provision targets hardware wallet design, raising questions about whether non-custodial products could operate under the proposed rules
A highly sophisticated set of iPhone hijacking techniques has likely infected tens of thousands of phones or more. Clues suggest it was originally built for the US government