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Caroline Ellison, once a key figure in Sam Bankman-Fried’s cryptocurrency network, could receive a lenient sentence due to her extensive cooperation with federal authorities, the latest indictment documents indicate. Ellison, a former executive at the now-defunct cryptocurrency exchange FTX, is scheduled to be sentenced on Sept. 24, following her guilty plea to fraud charges related to the exchange’s dramatic collapse. Ellison’s legal team asked Judge Lewis A. Kaplan to impose a sentence of three years’ probation with no prison time, demonstrating his substantial assistance to the prosecution. Although prosecutors declined to suggest a specific sentence, they acknowledged his cooperation as…

In a significant move to safeguard election integrity, California Gov. Gavin Newsom has signed groundbreaking legislation aimed at regulating AI-powered voter impersonations, commonly known as “deepfakes.” The new mandates, signed Tuesday, are designed to force social media platforms to actively moderate such content. Among the bills passed, one bill stands out as particularly innovative, establishing unprecedented standards for social media oversight. This bill, along with two others, focuses on prohibiting or mandating clear labeling of AI-generated misleading content that could influence elections. While only one of these laws will be effective in time to impact the upcoming 2024 presidential election,…