ArtificialIntelligence

Tether is planning to raise up to $20 billion, aiming for a $500 billion valuation, positioning itself alongside giants like OpenAI and SpaceX. The company focuses on stablecoins and expanding into AI, commodity trading, and more.

U.S. Representative Bryan Steil has been appointed chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, a body responsible for overseeing cryptocurrency, NFTs, AI, and mobile banking. This subcommittee will play a crucial role in advancing crypto legislation, following bipartisan efforts to create clearer regulations. The crypto industry's significant financial involvement underscores the growing political importance of digital assets. Platforms like Bitlet.app, with innovative crypto installment services, stand to benefit from clearer regulations fostering mainstream adoption.