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Swyftx cuts 40% of staff as it braces against ‘worst-case scenario’

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The Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout.

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US senator urges delay of CLARITY Act Senate markup until May: Report

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US Senator Thom Tillis said members of the crypto and banking industries still need more time to be heard.

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Arbitrum freezes $71M of Ether connected to Kelp exploit

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Griff Green, a member of Arbitrum’s security council, said the group acted with input from law enforcement and “did not make this decision lightly.”

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NY lawmaker proposes ‘AI dividend’ to address potential job losses

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The proposed AI dividend would be funded by taxes on AI use and equity stakes in AI companies, paying US citizens if automation meaningfully displaces workers.

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