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US President Donald Trump’s administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions. According to sources close to Bloomberg, the repeal is not yet final. The previous restrictions have drawn strong opposition from major tech companies and foreign governments in the past. JUST IN: President Trump to rescind global chip export restrictions. — Watcher.Guru (@WatcherGuru) May 7, 2025 The Trump administration says it will not enforce the so-called AI diffusion rule when it takes effect on May 15, the sources said. Chipmakers such as Nvidia (NVDA) and AMD saw their stocks rise after the announcement. Nvidia climbed as much as 3.6%, and the Philadelphia Stock Exchange Semiconductor Index — a closely watched benchmark — gained as much as 2.1%. Trump officials are reportedly working toward a new rule that would strengthen the control of chips abroad and remove the chip restrictions. “The Biden AI rule is overly ...

SEC Chair Gary Gensler’s recent address at the 2023 Securities Enforcement Forum highlighted the agency’s $5 billion enforcement success and provided a critical view on crypto currency, sparking vital discussions in the crypto industry. Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler addressed the 2023 Securities Enforcement Forum on Oct. 25, highlighting the agency’s successful enforcement actions, but also reigniting the debate on cryptocurrency regulation. Gensler’s strong remarks about the crypto market, stating that most crypto assets likely qualify as securities, have stirred controversy, calling for a critical examination of his stance and the broader implications for the crypto industry. The chairman proudly outlined the SEC’s achievements, stating that the agency filed over 780 enforcement actions and 500 standalone cases in 2023, resulting in $5 billion in judgments and orders, with $930 million distributed to harmed investors. This impressive...