By Commerce Newswire Report | Feb 8, 2023
A White House blog post said that the administration has been researching the potential risks posed by cryptocurrency for the last year and assessing how different authorities can mitigate those risks.
By Commerce Newswire Report | Feb 8, 2023
Many people are focusing on China adding renewable energy sources such as solar and wind to their energy production portfolio, but they are ignoring China's large-scale construction of other energy sources.
By Commerce Newswire Report | Feb 7, 2023
Florida Rep. Gus Bilirakis said the Chinese are turning their attention toward establishing new global standards for emerging technologies to create favorable environments for their companies.
By Commerce Newswire Report | Feb 7, 2023
U.S. Sen. Tim Scott, a ranking member on the Senate Committee on Banking, Housing and Urban Affairs, said that working to develop a framework for the regulation of digital assets is one of his top priorities for this Congressional session.
By Commerce Newswire Report | Feb 7, 2023
Rep. Cathy McMorris Rodgers (R-WA) said that China is now making attempts to outpace America in advanced communication technologies, specifically next-gen satellite tech in which they seek to embed their authoritarianism.
By Commerce Newswire Report | Feb 6, 2023
The Wall Street Journal (WSJ) is reporting that the Federal Trade Commission (FTC) is readying a potential antitrust lawsuit against tech giant Amazon Inc. on the grounds that many of its business practices are "anticompetitive."
By Commerce Newswire Report | Feb 6, 2023
Binance, the world's largest crypto exchange, announced that it would delist the token BEAM.
By Commerce Newswire Report | Feb 4, 2023
Deputy Secretary of Commerce Don Graves told the Information Technology Industry Council that whomever leads on technology will shape the future world order, whether it’s based on democratic norms or the alternative.
By Commerce Newswire Report | Feb 3, 2023
The U.S. Department of Commerce held its first Congress of Diversity, Equity, Inclusion and Accessibility (DEIA) Councils to advance equitable services and a supportive work environment.
By Commerce Newswire Report | Feb 3, 2023
Michael Novogratz, CEO of crypto investment firm Galaxy, predicted in a YouTube video that members of Congress will grill Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), over perceived failures of the agency to take actions that might have prevented crypto companies such as the now-bankrupt exchange FTX from misusing customer funds. Novogratz noted that he sees some Republican members of Congress as very pro-crypto, including Rep. Patrick McHenry (NC-10), chairman of the House Financial Services Committee, and Rep. Tom Emmer (MN-06). Novogratz said he thinks large donations from the now-disgraced founder of FTX Sam Bankman-Fried have made Democrat lawmakers more hesitant to endorse the crypto industry, although Bankman-Fried donated to both sides of the aisle.
By Commerce Newswire Report | Feb 2, 2023
Republicans on the House Energy and Commerce Committee led a roundtable discussion on fentanyl’s flow into this country and highlighted how Big Tech helps facilitate dealers with getting their drugs to vulnerable populations.
By Commerce Newswire Report | Feb 2, 2023
The U.S. Economic Development Administration awarded a $958,960 grant to Henry County, Virginia, to extend local water and sewer services to support business and job growth.
By Commerce Newswire Report | Feb 1, 2023
A $1.1 million economic development grant award to North Wildwood, N.J., was announced by Secretary of Commerce Gina Raimondo.
By Commerce Newswire Report | Feb 1, 2023
Hester M. Peirce, commissioner of the U.S. Securities and Exchange Commission (SEC), recently gave a presentation at Duke University's Digital Assets conference.
By Commerce Newswire Report | Jan 30, 2023
The collapse of crypto exchange FTX in November has sparked discussions over what regulating the digital asset landscape could or should look like. The SEC is stepping up its efforts to police the crypto sector, with Chairman Gary Gensler recently announcing tens of millions in fines penalizing Nexo for failing to properly register its crypto asset lending product. Many prominent figures in the crypto industry are voicing their opinions on what regulation should look like moving forward, such as Andre Cronje, co-founder of Fantom Foundation, who believes that regulating the crypto industry as a whole is "infeasible," but instead regulatory focus should be on licensing for entities that issue or manage cryptocurrencies.
By Commerce Newswire Report | Jan 29, 2023
The U.S. Patent and Trademark Office recently announced the release of a new Intellectual Property identifier tool.
By Commerce Newswire Report | Jan 28, 2023
The Department of Commerce’s National Institute of Standards and Technology joined the O-RAN Alliance, a nonprofit organization striving to make radio access network technologies more open, intelligent and interoperable.
By Commerce Newswire Report | Jan 28, 2023
The IRS claimed to have no records for a massive budget increase that would have funded 87,000 new agents and a requirement for taxpayers to report transactions as low as $600; however, through litigation the Functional Government Initiative (FGI) has found the IRS has thousands of pages of documents detailing these exact issues.
By Commerce Newswire Report | Jan 27, 2023
A $794,472 grant to the Georgia Southern University Research and Service Foundation Inc. in Statesboro was awarded by the Department of Commerce’s Economic Development Administration.
By Commerce Newswire Report | Jan 26, 2023
Two-thirds of the participants in a survey taken late last year for the 53rd World Economic Forum’s Chief Economists Outlook briefing said a global recession was likely in 2023.
