FameEX Morning Crypto News Recap | September 13, 2023

50 U.S. Lawmakers Reintroduce 'CBDC Anti-Surveillance State Act' to Defend 'Core American Principles

Fifty U.S. legislators have reintroduced the CBDC Anti-Surveillance State Act to block the Federal Reserve from issuing a retail central bank digital currency (CBDC), prioritizing innovation and true digital cash development. Congressman Tom Emmer underscores the need to protect financial privacy and reject a surveillance-focused CBDC.

Jamie Dimon, JPMorgan CEO, Cautions of Impending Recession and Questions Long-Term U.S. Economic Prosperity

Jamie Dimon, Chairman and CEO of JPMorgan Chase, advises against expecting a prolonged economic boom in the U.S., highlighting various risks. He stresses the need to focus on the future and expresses concern about quantitative tightening due to extensive global expenditure.

India's Stance on Cryptocurrency Set to Be Finalized in the Months Ahead, Confirms Economic Affairs Secretary

The economic affairs secretary of India has announced that the government will establish its position on cryptocurrency within the next few months. A thorough review of the G20 summit's guidance on crypto regulation will precede the formulation of policies and subsequent actions by the Indian government. This careful evaluation will guide their decisions in this evolving financial landscape.

Grammy Chief Discusses AI-Generated Drake Track's Ineligibility for Award Amid Copyright Issues

The Recording Academy's CEO, overseeing the Grammys, has firmly disqualified an AI-generated Drake track from award contention due to illicitly sourced vocals and absence of label or artist clearance. This statement seeks to clarify any misconceptions about the song's Grammy eligibility.

Interest in Taiwanese Market Grows as Over 50 Virtual Currency Platform Operators Consider Entry

Around 52 virtual currency operators aim to join Taiwan's financial market, as per the Financial Supervisory Commission. Furthermore, the commission plans to introduce the first virtual asset management guidelines for the region in September.

Rep. Tom Emmer Presents Revised Legislation Against Central Bank Digital Currency in Congress

Rep. Tom Emmer reintroduced legislation aiming to block unelected Washington officials from launching a central bank digital currency (CBDC). He cited worries about sacrificing financial privacy in favor of a surveillance-oriented CBDC, particularly concerning the Biden administration's approach.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​