Sen. Warren Questions MrBeast on Step Acquisition Amid Teen Crypto Concerns – Crypto News Bitcoin News

Step Deal Draws Senate Scrutiny Over Teen Crypto Access Sen. Elizabeth Warren is turning up the pressure on Beast Industries after it acquired Step, a fintech app built for teenagers that once allowed minors to trade crypto with parental approval. In a letter dated March 23, Warren asked Beast Industries founder Jimmy Donaldson, widely known…

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A former Thiel fellow’s startup just launched a drone it says can replace police helicopters

When I speak to Blake Resnick, he’s walking around his drone startup’s newest office space in Seattle—a cavernous 50,000-square-foot facility that, Resnick estimates, won’t be fully set up until later in the year—potentially November. Still, the big (and for now, largely empty) building offers the promise of a fast-growing company intent on conquering its particular…

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CLARITY Act Could Stop Platforms Acting Like Banks

Crypto platforms may no longer offer interest-like stablecoin rewards, but activity-based incentives remain under new legislative draft. Crypto and bank representatives convened again on Capitol Hill this week to review the latest legislative text outlining a compromise between the two groups after months of discussions. The meeting continues previous talks on whether the former…

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CFTC Launches Innovation Task Force With Crypto Focus at Center of Broader Regulatory Effort – Regulation Bitcoin News

CFTC Targets Emerging Tech Oversight Framework Regulatory priorities for emerging financial technologies advanced as the Commodity Futures Trading Commission (CFTC) announced on March 24 that Chairman Michael S. Selig has formed the Innovation Task Force. The effort focuses on oversight of novel products developing in U.S. derivatives markets. Operational design of the task force centers…

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