
US President Donald Trump established a new task force for artificial intelligence studies and appointed former SEC Chairman Jay Clayton as its head.
AI-generated summary
Jay Clayton filed a lawsuit against Ripple during his term as SEC chairman in December 2020 and then resigned from his position.
After Donald Trump recently changed the definition of "artificial intelligence" to "super intelligence", another expected development was officially announced. The US President officially announced the "Super Intelligence Task Force", which will work on artificial intelligence.
He was the chairman of the SEC, his term ended 1 day later!
The head of this "Super Intelligence Task Force" will be Jay Clayton, one of Trump's most trusted names. Clayton is actually one of the names remembered in the crypto world... In December 2020, just as the bull season of the period had begun, he was the chairman of the SEC at that time, who filed a lawsuit against the Ripple company and its executives for "unregistered securities sale". And the US President was again Donald Trump.
However, Clayton's term ended one day after the lawsuit was filed. In other words, Clayton signed the case file and left office. The SEC continued to operate without a president for months, and Gary Gensler was appointed to the position after Biden won the US presidential elections.
This lawsuit filed against Ripple also negatively affected payment-based cryptocurrencies such as XRP and XLM, and these two cryptocurrencies missed the 2021 period, which was seen as the last major altcoin bull.
Gary Gensler's departure from office, Trump's re-election and the SEC's change of face brought back a positive period for cryptocurrencies, and many crypto cases were dropped.
Clayton left his job one day after the SEC filed a lawsuit against Ripple.

Cardano and Brazilian energy giant Petrobras have launched a trial collaboration to track sustainable aviation fuel and renewable diesel production processes via blockchain.

The hacker group, which is suspected to be linked to North Korea, tried to transfer over $50 million of cryptocurrency funds seized from the Bitget exchange through the Near Intents protocol, but was blocked by Near's SHIELD risk detection system. Attackers tried to launder $166,000 worth of cryptocurrency but failed; 500 thousand dollars were frozen. Bitget initiated legal proceedings for the return of the funds and abandoned the reward offer.

Ethereum co-founder Vitalik Buterin announced the network's 2030 goal: transaction capacity will be increased by providing cryptographic proofs and integration with external network computers, users will be able to independently verify transactions, and privacy will be strengthened. Transaction finalization time is targeted to be 8-32 seconds.

A security attack was detected on Bitget exchange, which resulted in $351.6 million worth of cryptocurrency transfers. The attack affected the hot wallet infrastructure, cold wallets remained secure. Bitget's user protection fund is $464 million and losses can be covered within this fund. Withdrawals have been stopped, investments and transactions continue.

Circle has officially launched the Arc blockchain network, with institutions like BlackRock and Visa as validators. While the network, where transaction fees are paid with USDC, includes DeFi protocols such as Uniswap and Aave, artificial intelligence-focused development tools are also offered.

The United Arab Emirates decided to move the 'Digital Vault' infrastructure of the UAEPASS digital identity system, which has millions of users, to the Avalanche blockchain network in order to speed up document verification processes and increase security.