News from July 2023
By Federal Newswire Report | Jul 19, 2023
The U.S. Securities and Exchange Commission charged Florida resident Sanjay Singh with operating a $112 million Ponzi scheme that targeted members of the Haitian-American community.
By Federal Newswire Report | Jul 19, 2023
The U.S. Treasury Department's Office of Foreign Assets Control sanctioned 10 people July 12, including Sinaloa Cartel members and fugitives as well as one entity with its headquarters in Mexico.
By Federal Newswire Report | Jul 19, 2023
U.S. Secretary of Commerce Gina Raimondo welcomed the European Union's adoption of the Data Privacy Framework (DPF). The adoption of the DPF allows for the transfer of personal data from EU countries to U.S. organizations.
By Federal Newswire Report | Jul 19, 2023
KPMG and Microsoft have expanded an international partnership aimed at transforming professional services in several business-critical areas.
By Federal Newswire Report | Jul 19, 2023
The Supreme Court recently announced a landmark decision ruling that the admissions programs of Harvard College and the University of North Carolina violate the guarantees of equal protection under the Fourteenth Amendment.
By Federal Newswire Report | Jul 19, 2023
On July 6, the European Commission issued a press release announcing the start of an investigation into the proposed deal between retail giant Amazon and home robotics company iRobot.
By Federal Newswire Report | Jul 19, 2023
Iowa Representative Ashley Hinson expressed her disapproval on Twitter of the Biden Administration's decision to engage in talks with the Chinese Communist Party (CCP) despite the ongoing tensions between the two countries. Over the past month, the United States has entered into multiple discussions with the Chinese Communist Party (CCP).
By Federal Newswire Report | Jul 19, 2023
US Secretary of State Antony Blinken took to social media to discuss his recent visit to Jakarta, Indonesia, where he met with Japanese Foreign Minister Hayashi Yoshimasa and Republic of Korea Foreign Minister Park Jin to discuss the ICBM test on July 12.
By Federal Newswire Report | Jul 19, 2023
On July 13, Secretary of State Blinken took to social media to announce that the Vision for Adapted Crops and Soils (VACS) program will receive $100M in funding.
By Federal Newswire Report | Jul 19, 2023
Last week, the Department of Education issued a press release announcing plans to forgive over $39 billion in federal student loans for 800,000+ borrowers, providing relief and addressing administrative shortcomings to rectify past injustices.
By Federal Newswire Report | Jul 18, 2023
Hanmei “Hannah” Xu and Qingxin “Pure Heart” Li, wife and son of Dr. Li Baiguang, made it to the U.S. from China and are currently seeking asylum. ChinaAid reported the arrival in a press release detailing the life of Dr. Li Baiguang who died in China in 2018.
By Federal Newswire Report | Jul 18, 2023
Tennessee Representative Mark Green expressed his condemnation of the recent espionage activities conducted by the CCP in a tweet last week. He also highlighted his proposed bill, the "China Technology Transfer Control Act," which aims to address this issue.
By Federal Newswire Report | Jul 18, 2023
The U.S. Securities and Exchange Commission (SEC) has announced that it filed insider trading charges against ex-Pfizer employee Amit Dagar and his business partner, Atul Bhiwapurkar, for trading before the announcement of a successful trial of the antiviral COVID-19 treatment Paxlovid,
By Federal Newswire Report | Jul 18, 2023
BlackRock CEO Larry Fink has declared his support of Bitcoin, describing the leading cryptocurrency as an "international asset" with the potential to transform the financial industry, he said.
By Federal Newswire Report | Jul 18, 2023
Democrat Congressman Ritchie Torres (NY-15) said in a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler that the judge's ruling in SEC vs. Ripple demonstrates that Gensler's claim that all digital assets except bitcoin are securities is false. Judge Analisa Torres of the Southern District of New York determined on July 12 that when sold to members of the public, Ripple's XRP token does not constitute an "investment contract" and therefore is not a security.
By Federal Newswire Report | Jul 18, 2023
A bankrupt cryptocurrency platform has been permanently prohibited from managing client assets and given a suspended $4.7 billion judgement in a settlement with the Federal Trade Commission (FTC). The FTC's case will proceed in federal court against three former company executives, who have not agreed to a settlement.
By Federal Newswire Report | Jul 18, 2023
On July 13, 2023, the U.S. Department of Energy announced a $32 million funding initiative to support projects aimed at constructing facilities that extract rare earth elements and other crucial minerals and materials from domestic coal-based resources.
By Federal Newswire Report | Jul 18, 2023
Sen. Cynthia Lummis (R-Wyo.) tweeted her support of the Southern District of New York's decision in U.S. Securities and Exchange Commission vs. Ripple Labs Inc., stating the decision aligns with her proposed legislation on regulating the cryptocurrency industry.
By Federal Newswire Report | Jul 18, 2023
The U.S. Department of Energy (DOE) on July 12 revealed a $90 million allocation of competitive grants to assist states, cities, tribes, and collaborating entities in adopting modernized energy codes for buildings. The funds aim to support the implementation of updated standards and practices for more energy-efficient construction according to a press release by the U.S. Department of Energy.
By Federal Newswire Report | Jul 18, 2023
Marking the two year anniversary of thousands of Cubans protesting against the government, citing restrictions on rights and the pandemic response, Secretary Antony Blinken took to social media to call for political prisoners' release.
