PANews reported on November 7th that, according to the Financial Times, the European Commission, under immense pressure from major tech companies and the US government, has proposed suspending parts of its landmark artificial intelligence (AI) law. The EU plans to relax some digital rules in a decision on November 19th, under a framework called "Simplification." The EU has faced significant pressure from the US government, major tech companies, and European groups regarding its AI law, considered the world's strictest regulatory framework for AI technology development. A senior EU official stated that the EU has been in contact with the Trump administration regarding adjustments to the AI law and other digital regulations. The draft law suggests the EU is considering providing a one-year grace period for companies that violate rules on the highest-risk uses of AI, and also proposes postponing the implementation of penalties for violations of the new AI transparency rules until August 2027.PANews reported on November 7th that, according to the Financial Times, the European Commission, under immense pressure from major tech companies and the US government, has proposed suspending parts of its landmark artificial intelligence (AI) law. The EU plans to relax some digital rules in a decision on November 19th, under a framework called "Simplification." The EU has faced significant pressure from the US government, major tech companies, and European groups regarding its AI law, considered the world's strictest regulatory framework for AI technology development. A senior EU official stated that the EU has been in contact with the Trump administration regarding adjustments to the AI law and other digital regulations. The draft law suggests the EU is considering providing a one-year grace period for companies that violate rules on the highest-risk uses of AI, and also proposes postponing the implementation of penalties for violations of the new AI transparency rules until August 2027.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more