Binance’s compliance push, OpenAI slams bill, Harris aide reveals crypto approach

Today’s episode delves into the latest regulatory and market shifts in the crypto and tech worlds. Binance steps up its game with 1,000 new hires focused on compliance, and California Senator Scott Wiener challenged OpenAI over its opposition to AI safety legislation. In other news, the US state of Wyoming has an ambitious plan to launch a state-backed stablecoin by early 2025, crypto firms are making waves in the 2024 US elections, and US-based spot Ether ETFs experienced a record-breaking outflow streak, raising concerns about investor sentiment. Finally, some more details have emerged about US Vice President Kamala Harris’ approach to the crypto industry if she wins November’s presidential election. So, grab yourself a coffee, and let’s get into it!Further reading:Wyoming stablecoin may launch Q1 2025 — Governor Mark GordonCrypto firms contributed 48% of all corporate political donations in 2024: ReportHarris aide suggests VP will ‘support policies’ for crypto industry growthSpot Ethereum ETFs record longest outflow streak amid drying investmentsCalifornia senator slams OpenAI’s opposition to AI safety bill20% of Binance’s new hires this year will be in compliance, says CEOThis episode of Rise’n’Crypto was brought to you by Cointelegraph and hosted by Savannah Fortis. You can follow Savannah on XRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.