July 4 (Cointime) - Japan is planning to loosen its regulations on the use of artificial intelligence (AI) in order to boost its semiconductor manufacturing industry and overall economic growth. The country aims to have new policies in place by the end of the year that are more aligned with the approach taken by the United States rather than the European Union's stricter regulations. Twitter, now known as X Corp, is facing legal action from former employees who were laid off after the company was taken over by Elon Musk. These employees are accusing the company of discrimination and failing to provide severance pay, and are now pursuing arbitration. Coinbase, a US-based cryptocurrency exchange, saw a 13% increase in share price after Cboe filed an application with the Securities and Exchange Commission to launch a spot Bitcoin exchange-traded fund, with Coinbase helping to monitor ETF manipulation.