 Technology |
Technology |
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White House officials meet with crypto leaders |
Senior White House officials attended a call with about a dozen cryptocurrency leaders Thursday morning in the latest overture by the Biden administration to the industry. |
White House Deputy Chief of Staff Bruce Reed and National Economic Council Director Lael Brainard joined the call, along with Kristine Lucius, senior advisor and director of legislative affairs for Vice President Harris, according to sources familiar. The call, organized by pro-crypto Democratic Rep. Ro Khanna (Calif.), comes as the White House and the Democratic Party have sought to mend fences with the crypto industry amid increasingly icy relations. Khanna organized a roundtable with industry executives and Democratic lawmakers last month that was attended by Anita Dunn, then a senior adviser to President Biden, in her personal capacity. Dunn has since left the White House to work for a super PAC supporting Harris's campaign, as the vice president has become the likely Democratic nominee following Biden's decision to step aside. Paul Grewal, chief legal officer for crypto exchange Coinbase, said the administration officials on Thursday's call appeared to understand the industry's frustrations and were eager to find ways to address them. However, they did not make any firm commitments, he said. "I applaud [Khanna] for working valiantly to keep people talking to one another and to continue to urge Democratic support for basic crypto legislation and basic crypto standards that doesn't cede this issue to the Republicans or make it any more partisan than it necessarily needs to be," Grewal told The Hill. Read more in a full report at TheHill.com. |
Welcome to The Hill's Technology newsletter, I'm Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. |
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How policy will be impacting the tech sector now and in the future: |
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The now defunct cryptocurrency exchange FTX and its sister company Alameda Research have been ordered to pay $12.7 million to their customers and fraud victims, the Commodity Futures Trading Commission (CFTC) announced Thursday. FTX will pay $8.7 million in restitution and another $4 million to compensate victims of the "massive fraudulent scheme" orchestrated by Sam Bankman-Fried. Bankman-Fried, who founded FTX and … |
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U.K. communications regulator Ofcom is calling on social media companies to increase their moderation of the violent rhetoric and material on their platforms as riots rock the nation. In an open letter to online service providers in Great Britain, the regulator urged the tech firms to take actions to avoid their platforms “from being used to stir up hatred, provoke violence” or other violations of British law. Gill … |
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A group of congressional Democrats is urging the Department of Justice (DOJ) and Federal Communications Commission (FCC) to probe a planned joint streaming sports venture by some of the nation’s largest media conglomerates. Warner Bros. Discovery, Fox Corp. and The Walt Disney Co. are among the media behemoths that have partnered on Venu a direct-to-consumer streaming venture that will provide NFL, MLB, NHL and other … |
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News we've flagged from the intersection of tech and other topics: |
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UK investigates Amazon, Anthropic relationship |
The United Kingdom's antitrust regulator, the Competition and Markets Authority, is investigating Amazon's relationship with the artificial intelligence (AI) startup Anthropic, TechCrunch reported. |
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OpenAI adds Carnegie professor to board |
OpenAI has appointed Carnegie Mellon professor Zico Kolter, whose work focuses mostly on AI safety, to its board of directors, Reuters reported. |
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Branch out with other reads on The Hill: |
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Those Samsung smartphones given to Olympic athletes? They may violate sanctions on North Korea |
SEOUL, South Korea (AP) — South Korean officials on Thursday said providing Samsung smartphones to North Korean athletes at the Paris Olympics would violate U.N. Security Council sanctions against the country over its nuclear and missile program. The South Korean technology giant is a major Olympic … |
NEW YORK (AP) — Gone is the bullhorn. Instead, New York City emergency management officials have turned high-tech, using drones to warn residents about potential threatening weather. With a buzzing sound in the background, a drone equipped with a loudspeaker flies over homes warning people who live … |
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Two key stories on The Hill right now: |
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Vice President Harris fielded questions from reporters traveling with her in Michigan on Thursday and said she hoped to sit down for an extended interview … Read more |
| Former President Trump held an hourlong press conference Thursday where he lambasted Vice President Harris as "incompetent" and appeared exasperated … Read more |
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You're all caught up. See you tomorrow! |
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