congress - Tech News from Simmons Systems (Page 4)

Tech News from Simmons Systems

congress

A collection of 68 posts

Lawmakers Push Back Hard Against Facebook's Libra Cryptocurrency Plans

Congress raises serious national security and regulatory concerns over Facebook's proposed Libra cryptocurrency, with one lawmaker even comparing the project's risks to the 9/11 attacks.

Facebook Uses China Fears to Defend Against Antitrust and Libra Opposition

Facebook executives argue that breaking up the company or blocking its Libra cryptocurrency hands a strategic advantage to Chinese tech firms. This talking point serves as a primary defense during recent congressional hearings.

Congress Grills Facebook Over Loopholes in Libra Cryptocurrency Plans

Lawmakers question Facebook executive David Marcus about the company's digital currency ambitions, highlighting regulatory gaps between the Libra Association and Facebook's Calibra subsidiary. Critics worry Facebook attempts to avoid strict banking oversight by basing operations in Switzerland.

Lawmakers Grilled Facebook's Crypto Chief Over Libra Launch Plans

Facebook executive David Marcus faces intense scrutiny from the House Financial Services Committee regarding the company's planned Libra cryptocurrency. Lawmakers demand regulatory guarantees before the tech giant moves forward with the digital currency project.

Facebook's Libra Chief Prepares for Congressional Grilling Over Crypto Plans

Calibra head David Marcus prepares to testify before Congress, stating that the Libra Association faces Swiss regulation while promising U.S. compliance. Lawmakers face a steep learning curve regarding the complex cryptocurrency ahead of the hearings.

Facebook's Libra Faces Regulatory Scrutiny Over Misaligned Financial Incentives

Facebook's Libra cryptocurrency creates a system where wealthy members earn interest dividends, potentially misaligning their incentives with regular users. Lawmakers demand a halt to development as questions mount regarding Facebook's undisclosed investments and lack of app oversight.

Maxine Waters Demands Facebook Halt Its Cryptocurrency Plans

House Financial Services Chair Maxine Waters publicly calls on Facebook to pause development of its controversial cryptocurrency project. She argues that the company needs to address serious regulatory concerns before moving forward.

Lawmakers Demand Halt to Facebook's New Libra Cryptocurrency

Congress reacts angrily to Facebook's unveiled Libra cryptocurrency, demanding a moratorium and hearings. The digital currency faces immediate regulatory pushback over data privacy and oversight concerns.

Congress Warns Deepfake Videos Threaten Democracy Ahead of Elections

Lawmakers hold a hearing to address the growing danger of deepfake videos, warning that manipulated media threatens to mislead voters and disrupt the upcoming 2020 election.

House Net Neutrality Hearing Exposes Lawmakers' Persistent Technical Ignorance

A recent House hearing on net neutrality features lawmakers recycling outdated arguments and ignoring established facts. Instead of pursuing bipartisan legislation, representatives choose grandstanding over genuine understanding of internet regulations.

government shutdown

Longest US Government Shutdown Ends as Trump Relents on Border Wall

The longest government shutdown in U.S. history concludes after President Trump agrees to temporarily reopen federal agencies without securing border wall funding. Lawmakers now face a tight deadline to negotiate a broader immigration compromise.

Former NFL Brothers Bring Non-Partisan Congressional Tracker to Android

Two former NFL players expand their unbiased political tracking app, Politiscope, to Android devices. The app provides voters with objective data on congressional bills and voting records.

FCC Chairman Pai Cheers House Failure to Reverse Net Neutrality Repeal

FCC Chairman Ajit Pai praises the House for declining to reinstate net neutrality rules, ignoring the Senate's previous vote to the contrary. His statement highlights a selective view of congressional opposition and makes unverified claims about internet health.

Google CEO Sundar Pichai Faces Intense Congressional Scrutiny Over Data Privacy

Google CEO Sundar Pichai testifies before Congress as lawmakers aggressively question the tech giant's data collection practices and potential political bias.