Category: lawmakers

Congress plans to investigate how social media giants are fighting hate

Post author By Randall
Post date September 18, 2019
Categories In bill, business, commission, congress, department of homeland security, extremism, Facebook, gear, Google, hate, house, Internet, lawmakers, legislation, online, Politics, Security, Social Media, task force, Tech, Twitter, violence, Youtube

[ad_1] The bill would create a “national commission” at the Department of Homeland Security. The commission would have the authority to hold hearings and issue subpoenas. It would also create a social media task force to coordinate the government’s response to security issues. The legislation could be introduced as soon as next week, The Washington […]

Lawmakers want to block tech giants from offering digital currency

Post author By Randall
Post date July 15, 2019
Categories In big tech, business, calibra, Cryptocurrency, digital currency, draft, Facebook, house financial services committee, Internet, lawmakers, legislation, libra, Politics, Tech, tomorrow, us

[ad_1] In addition to blocking Facebook’s plans for Libra, the “Keep Big Tech Out of Finance Act” would prevent other firms (those mainly offering an online platform service with at least $25 billion in annual revenue) from launching similar cryptocurrencies. Companies that violate the rules could be fined as much as $1 million per day. […]

US lawmakers tell Facebook to halt the launch of its Libra cryptocurrency

Post author By Randall
Post date July 3, 2019
Categories In business, Cryptocurrency, Facebook, financialservicescommittee, gear, lawmakers, libra, maxinewaters, Tech

[ad_1] “We write to request that Facebook and its partners immediately agree to a moratorium on any movement forward on Libra — its proposed cryptocurrency and Calibra — its proposed digital wallet,” the committee wrote. “It appears that these products may lend themselves to an entirely new global financial system that is based out of […]