Plume Network explains how GENIUS stablecoin legislation could spark DeFi boom
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 hours ago
- Yahoo
U.S. Federal Reserve's New Supervision Chief Sold on Bringing Crypto to Finance
The U.S. Federal Reserve's newest vice chair who supervises Wall Street banking, Michelle Bowman, made a crypto speech on Tuesday that could have been uttered by one of the industry's own policy wonks, advocating that banks get behind the digital assets surge and that the Fed give the sector rules that won't get in crypto's way. At the Wyoming Blockchain Symposium, Bowman warned banks that don't embrace the shift toward crypto "will play a diminished role in the financial system more broadly," and she further underlined what's already been an obvious change in crypto sentiment from U.S. banking regulators. "Your industry has already experienced significant frictions with bank regulators applying unclear standards, conflicting guidance, and inconsistent regulatory interpretations," she said. "We need a clear, strategic regulatory framework that will facilitate the adoption of new technology, recognizing that in some cases, it may be inadequate and inappropriate to apply existing regulatory guidance to address emerging tech." In March, President Donald Trump nominated Bowman to be elevated from a board seat to the role of vice chair for supervision, and she was sworn in about two months ago. She'll occupy a leading role in the Fed's writing and adoption of rules for stablecoins, as outlined by the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, and her latest remarks show how much she's aligned with the president on fostering the technology. "Regulators must recognize the unique features of these new assets and distinguish them from traditional financial instruments or banking products," Bowman said, advocating that the pending rules be closely tailored to what the industry is doing and not a "worst-case scenario." Bowman addressed asset tokenization, saying it can make transfers of ownership faster, mitigate "well-known risks" and make the process cheaper, and she said stablecoins are "positioned to become a fixture in the financial system." "It is essential that banks and regulators are open to engaging in new technologies and departing from an overly cautious mindset," she said. The vice chair also said the agency "should consider allowing Federal Reserve staff to hold de minimus amounts of crypto or other types of digital assets so they can achieve a working understanding of the underlying functionality." "I certainly wouldn't trust someone to teach me to ski if they'd never put on skis, regardless of how many books and articles they have read, or even wrote, about it," Bowman beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
6 days ago
- Yahoo
VERSES Announces Filing of Quarterly Report on Form 10-Q
VANCOUVER, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSF) ("VERSES" or the "Company"), a cognitive computing company pioneering next-generation agentic software systems today announced that it has filed its Quarterly Report on Form 10-Q ('Quarterly Report') for the three months ended June 30, 2025, with the U.S. Securities and Exchange Commission ('SEC'). 'We are pleased to report our results for the three months ending June 30, 2025 in our Quarterly Report on Form 10-Q. I believe these results demonstrate disciplined cost management, even as Verses begins to scale and commercialize, market and sell its flagship product Genius. The results also highlight the first revenue generated by Genius after only two months following its launch. I believe that these results underscore our prudent approach to managing cash as well as the strong customer interest we've anticipated from the outset. We are all energized by this momentum as we head into the remainder of the year,' said James Christodoulou, CFO of VERSES. The Quarterly Report is available on the SEC's website at under the Company's filings, as well as on the Company's investor relations website. About VERSES® is a cognitive computing company building next-generation agentic software systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius,™ is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at LinkedIn and X. For more information, please visit On behalf of the CompanyGabriel René, Founder & CEO, VERSES AI Inquiries: press@ Relations InquiriesJames Christodoulou, Chief Financial Officer ir@ +1(212)970-8889 Cautionary Note Regarding Forward-Looking Statements This news release contains statements which constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information and forward-looking statements are often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. More particularly and without limitation, this news release contains forward–looking statements and information including, but not limited to that the Company's robotics models have the potential to transform how robots operate across industries, and that the Company's robotics models could unlock a new era of truly adaptive, reliable automation. The forward–looking statements and information are based on certain key expectations and assumptions made by the management of the Company. As a result, there can be no assurance that such plans will be completed as proposed or at all. Such forward-looking statements are based on a number of assumptions of management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Bloomberg
6 days ago
- Bloomberg
Meta's Superintelligence Dream Team Will Be Management Challenge of the Century
Meta Platforms Inc. is spending a fortune to assemble the brightest minds in artificial intelligence. Chief Executive Officer Mark Zuckerberg may want to note: Research suggests that packing a team with too much genius can backfire. So far, more than a dozen engineers from OpenAI have defected to Meta, joined by notable experts from Anthropic and Google's DeepMind. Zuckerberg's wager is that by concentrating top talent and giving them unlimited resources, he can gain ground on rivals and fast-track the development of AI systems so advanced that they will approach 'artificial general intelligence,' the hypothetical point at which the model surpasses human-level capacities.
