At least $455 million of that money was stolen by the Lazarus Group, a North Korean state-sponsored project, the government said.īut the lawsuit has since raised numerous questions and concerns for those working in and holding cryptocurrency. 8, arguing the cryptocurrency mixing tool, which the company says is useful for ensuring users' privacy, was used to launder over $7 billion. The Treasury Department sanctioned Tornado Cash on Aug. The administration also urged an increase in transparency by social media companies about their algorithms.Ĭorrection: An earlier version of this story cited Pelosi's statement to colleagues as occurring in August instead of September. The White House on Thursday also reiterated a call for more competition in the tech sector, and said companies should be "prioritizing safety by design standards and practices for online platforms, products, and services" to protect kids and teens.
Biden criticized Section 230 when campaigning in 2020, and the administration had previously suggested that there should be a fix to counter health misinformation, but it has pursued little action on the issue. Recent efforts to amend Section 230, however, have collapsed because Democrats tend want to incentivize more content moderation and Republicans want less. Both Democrats and Republicans have complained in recent years about the provision, suggesting that the administration might be willing to back a legislative push to amend it even if the GOP retakes control in the House next year. In addition to the proposals around privacy, the White House suggested that most powerful tech companies shouldn't benefit from Section 230, which limits the liability of platforms of all sizes for content that users post. Maria Cantwell, the chamber's top Democratic negotiator, also opposes the legislation. A rollback of the preemption provisions, however, might well doom any Republican support for the bill, which would be necessary to pass it in the Senate. She said she would work to address her home state's concerns. Last week, Pelosi told colleagues, "It is imperative that California continues offering and enforcing the nation’s strongest privacy rights," adding that states should be empowered "to address rapid changes in technology" in the future. Cruz said several times that he had a hard time seeing how it would pass on the floor, even if it made it through the committee. Still, given the failed committee vote this morning, the legislation faces even longer odds to pass. Klobuchar told POLITICO she’s still committed to passing a bipartisan bill to protect local journalism. “Since news outlets depend on the antitrust exemption - other covered platforms do not - the platforms could then raise content moderation at the first opportunity and attempt to avoid the joint negotiations,” Klobuchar said. Klobuchar retorted by telling Cruz the JCPA already included provisions that ensured content-neutral negotiations tech platforms would only be forced to pay for content they were already accessing. The amendment passed along party lines by a single-vote margin. This dynamic would incentivize news publishers to cover up and defend Big Tech rather than hold it accountable, he said.Ĭruz’s amendment revoked antitrust protections if the news organizations discussed content moderation in negotiations. “This version of the JCPA would inextricably link the financial incentives of Big Tech and the news industry by requiring tech platforms to share their monopoly rents with news publishers,” Lee said. Lee said he didn’t intend to vote for the bill, in part because of the way it skewed media incentives. “These self-appointed mainstream left-wing media cartels are allowed to exclude based on the usual, totally subjective factors they always do, such as trustworthiness, fake news, extremism, misinformation, hate speech, conspiracy, correction policy, expertise, authoritativeness, etc,” Sen.
Several conservative senators expressed concerns that the antitrust carveout would allow media organizations to exclude right-leaning media organizations from negotiations. Klobuchar said she preferred a version of the bill that didn’t place any restrictions on the size of a newsroom, such that it would include even the New York Times and Washington Post, both of which were excluded under the current draft. Media conglomerates that acquired dozens of local news organizations would still be able to bargain under the exemption, which became a contentious issue.
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