According to Cointelegraph, the U.S. Department of Justice and the Securities and Exchange Commission asked the Supreme Court to approve a class action lawsuit against Nvidia investors. The lawsuit accuses Nvidia of misleading sales data to crypto miners and has been in legal battle since 2018.
On October 2, U.S. Attorney General Elizabeth Prelogar and SEC senior lawyer Theodore Weiman said in court documents that there were enough details in the case to support its revival in the appeals court.
According to Cointelegraph, the European Union announced that it is developing the first "General Code of Conduct for Artificial Intelligence", led by the European Office of Artificial Intelligence and bringing together global experts to collaborate. The framework covers transparency, risk assessment, internal governance and copyright issues.
The final version will be ready in April 2025, with a kick-off meeting expected to have nearly 1,000 participants.
According to Cointelegraph, Ripple CEO Brad Garlinghouse vowed to fight the SEC in court, saying that the SEC has failed on all important issues and criticized it for irrationality.
Garlinghouse said XRP’s status as a non-security is current law and will not change as a result of the SEC’s appeal.
According to Cointelegraph, a U.S. federal appeals court approved Kalshi’s election prediction market despite opposition from regulators. This ruling sets a precedent for election prediction markets to operate in the United States, with potential implications for platforms such as Polymarket.
As of October 2, the amount of bets placed on Polymarket on the November U.S. presidential election has exceeded $1 billion.
