Voting mostly along party lines, the U.S. Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC. In a vote of 53-45 today, the Senate members confirmed the former chair of the Commodity Futures Trading Commission, or CFTC, to lead the Securities and Exchange Commission. Gensler, a professor at…
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There are about to be a lot of antitrust bills taking aim at big tech, and here’s one more. Senator Josh Hawley (R-MO) rolled out a new bill this week that would take some severe measures to rein in big tech’s power, blocking mergers and acquisitions outright. The “Trust-Busting for the Twenty-First Century Act” would…
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A collection of tech and auto industry executives met with the White House to discuss solutions for the worldwide chip shortage Monday. CEOs from Google, Intel, HP, Dell, Ford, and General Motors attended the virtual summit on semiconductors and resilience in supply chains. National security adviser Jake Sullivan, Secretary of Commerce Gina Raimondo and National…
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After it looked like Apple might no-show, the company has committed to sending a representative to a Senate antitrust hearing on app store competition later this month. Last week, Senators Amy Klobuchar (D-MN) and Mike Lee (R-UT) put public pressure on the company to attend the hearing, which will be held by the Senate Judiciary…
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President Biden has named two former National Security Agency veterans to senior government cybersecurity positions, including the first national cyber director. The appointments, announced Monday, land after the discovery of two cyberattacks linked to foreign governments earlier this year — the Russian espionage campaign that planed backdoors in U.S. technology giant SolarWinds’ technology to hack…
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Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fu filing with the United States Securities and Exchange Commission. According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — if approved — will trade on the NYSE Arca exchange, with the Bloomberg Galaxy Bitcoin index tapped as the pricing mechanism.…
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Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet conglomerates. In November, China proposed sweeping antitrust regulations targeting its interent economy. In late December, the State Administration for Market Regulation said…
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