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A new bill from a bipartisan group of lawmakers, if passed, would ban TikTok in the U.S. after years of broad concern across the Trump and Biden administrations about potential Chinese government influence on the company, CNBC reported. TikTok, owned by Chinese company ByteDance, has raised fears in the U.S. that Chinese government officials could gain access to U.S. user
New York will instate a two-year moratorium on new fossil fuel-powered cryptocurrency mining operations as the state works to balance its economic development and climate goals, Politico reported. According to Politico, Governor Kathy Hochul on Tuesday signed the controversial measure into law that would create the first-in-the-nation temporary pause on new permits for fossil fuel power plants that house proof-of-work
A federal court upheld the validity of a Texas social media law that companies like Meta Platforms Inc. and Twitter Inc. say will prevent them from blocking hate speech and extremism, Bloomberg reported. The 5th Circuit Court of Appeals in New Orleans on Friday lifted a lower court injunction that had blocked the legislation from taking effect. According to Bloomberg,
The U.S. Department of Justice announced significant actions regarding digital assets, including the public release of its report, pursuant to the President’s March 9 Executive Order on Ensuring Responsible Development of Digital Assets, on The Role of Law Enforcement in Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets; and the establishment of the nationwide Digital Asset Coordinator (DAC)
The Federal Deposit Insurance Corporation (FDIC) issued letters demanding five companies and their officers, directors, and employees cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or misleading claims. Here is more information from the FDIC’s post: Based upon evidence collected by the FDIC, each of these
Dutch Authorities said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on its sanctions list recently, Reuters reported. According to Reuters, the U.S. sanctions followed allegations that Tornado Cash was helping conceal billions in capital flows, including for North Korean hackers. The Dutch FIOD posted
Geneva-based Proton AG, the company behind ProtonMail and ProtonVPN, has won an appeal regarding its treatment under Swiss law governing telecommunications surveillance, a Swiss Court said Friday, Reuters reported. On Friday, the Swiss Federal Administrative Court upheld Proton’s appeal against the Swiss Post and Telecommunications Surveillance Service (PTSS) over obligations to store data and monitor email traffic. The court confirmed