By Commerce Newswire Report | Feb 21, 2023
NOAA Fisheries released the draft National Seafood Strategy, which aims to enhance the resilience of the seafood sector in the face of climate change, the coronavirus pandemic, labor shortages and aging infrastructure.
By Commerce Newswire Report | Feb 20, 2023
U.S. Deputy Secretary of Commerce Don Graves visited Puerto Rico Feb. 6-9 to discuss the outcome of December’s Puerto Rico Economic Dialogue with members of academia, public policy, government, community-led organizations and the private sector.
By Commerce Newswire Report | Feb 19, 2023
Secretary of Commerce Gina Raimondo said Air India’s recent purchase of Boeing aircraft was the third biggest sale of all time in dollar value and second in quantity.
By Commerce Newswire Report | Feb 18, 2023
The Economic Development Administration wants public feedback on its plans to promote innovation and global competitiveness in the U.S. technology sectors by creating regional Tech Hubs.
By Commerce Newswire Report | Feb 16, 2023
The popular fast-fashion company based in China is being questioned by a group of U.S. Senators over its use of cotton textiles traced to a region in China which uses forced labor.
By Commerce Newswire Report | Feb 16, 2023
At the Feb. 14 Senate Banking Committee hearing on cryptocurrency, Lee Reiners, policy director of the Duke Financial Economics Center at Duke University, said in his witness testimony that in order to move forward with comprehensive cryptocurrency regulation, Congress must take action on defining cryptocurrency as a security, commodity or something else. Reiners was one of three witnesses who testified at the hearing, which was titled "Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets."
By Commerce Newswire Report | Feb 15, 2023
Puerto Rico will receive up to $109 million in funding from the U.S. Department of Treasury under the State Small Business Credit Initiative in President Joe Biden’s American Rescue Plan.
By Commerce Newswire Report | Feb 15, 2023
Financial experts told the Senate Banking, Housing and Urban Affairs Committee on Feb. 14 that the years with cryptocurrency have shown ample evidence of the “dire harm” it inflicts throughout society.
By Commerce Newswire Report | Feb 15, 2023
A New York regulator has instructed Paxos to stop issuing the fiat-backed stablecoin Binance USD (BUSD), and the U.S. Securities and Exchange Commission (SEC) has reportedly notified Paxos that enforcement action is coming under the premise that BUSD is an unregistered security. Crypto analysts and experts are questioning how stablecoins could meet the definition of a security, arguing that stablecoins do not pass the Howey Test. Changpeng Zhao (CZ), the Canadian CEO and founder of Binance, the world's largest crypto exchange, assured users that their funds are safe and they can still redeem BUSD.
By Commerce Newswire Report | Feb 14, 2023
Brian Armstrong, the CEO of crypto exchange Coinbase, said that although the U.S. Securities and Exchange Commission (SEC) has fined another crypto company for not registering its staking services as a security, he believes staking services are not securities, and he is willing to go to court if necessary to defend that claim.
By Commerce Newswire Report | Feb 14, 2023
Laurie E. Locascio, the director of the National Institute of Standards and Technology, has been elected to the National Academy of Engineering.
By Commerce Newswire Report | Feb 13, 2023
Assistant Secretary of Commerce for Economic Development Alejandra Castillo confirmed the advancements made in restoring and strengthening the economy that were detailed in President Joe Biden’s State of the Union address to Congress.
By Commerce Newswire Report | Feb 12, 2023
The National Telecommunications and Information Administration awarded Puerto Rico's Universidad del Sagrado Corazón a nearly $3 million grant to expand broadband connectivity.
By Commerce Newswire Report | Feb 12, 2023
American's data travels around the world daily and often ends up in countries like China which have control of it, and some lawmakers contend it is time legislation addresses these issues to ensure that Americans know what is being done with their data.
By Commerce Newswire Report | Feb 11, 2023
U.S. Deputy Secretary of Commerce Don Graves traveled to San Juan, Puerto Rico to announce funding for the island and to address the importance of the Economic Census, a five-year measure of American businesses and the economy.
By Commerce Newswire Report | Feb 10, 2023
TikTok CEO Shou Zi Chew will appear before the House Energy and Commerce Committee to testify on TikTok’s consumer privacy and data security practices, the impact TikTok has on children and the relationship with the Chinese Communist Party, according to Committee Chair Cathy McMorris Rodgers.
By Commerce Newswire Report | Feb 10, 2023
Changpeng Zhao (CZ), the Canadian CEO and founder of Binance, the world's largest crypto exchange, said in a recent tweet that regulation can benefit the crypto industry and ultimately lead to more mainstream adoption by providing guidance and confidence to both those who provide crypto services and those who use them.
By Commerce Newswire Report | Feb 9, 2023
The U.S. Patent and Trademark Officeis seeking nominations for "the nation’s highest honor for technological achievement," the National Medal of Technology and Innovation.
By Commerce Newswire Report | Feb 9, 2023
House Energy and Commerce Committee Communications and Technology Subcommittee Chair Bob Latta (R-Ohio) said China is the greatest threat in the changing satellite communications marketplace.
By Commerce Newswire Report | Feb 9, 2023
Heidi Brock, president and CEO of the American Forest & Paper Association (AF&PA), an advocacy group for manufacturers of paper and wood products, said the organization supports the recently introduced SHIP IT Act as it would increase flexibility and reliability for the paper and wood industries.
