Sen. Richard Blumenthal (D-Conn.) has launched an investigation into Tether’s reported multimillion-dollar payments to a consulting firm co-owned by former White House cryptocurrency adviser Bo Hines, raising concerns about potential conflicts of interest and violations of federal ethics and lobbying laws.
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Source-of-funds checks remain, but co-CEO Arjun Sethi says asking what clients will do with withdrawn coins is unacceptable.
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The world economy is entering a dangerous period, but a Great Depression-style collapse is still a remote possibility. A prolonged economic slowdown, further stock-market corrections, and a potential recession in some major economies are m…
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If market pressures keep building, Anthropic “could reasonably decide it is better to stay private and wait for a better opportunity,” one portfolio manager says.
Business
Traders making bullish bets on chip stocks are getting walloped this month, as renewed fears emerged about investment returns on the buildout of artificial intelligence.