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New York City Comptroller Brad Lander has rejected Mayor Eric Adams’s proposal for Bitcoin-backed bonds, citing concerns over the cryptocurrency’s volatility and regulatory implications. This decision underscores ongoing debates about digital assets in public finance.
Justin Sun, the former CEO of FTX Crypto Exchange, has arrived in New York for a hearing that could decide if he is jailed until his trial on fraud charges. Sun is accused of attempting to hide the profits made from his companies’ activities.
New York City has taken a major step in combating bias in Artificial Intelligence (AI) systems with the implementation of a new law that requires companies to audit their AI systems for potential bias.