News from June 2023
Ciscomani: We must 'renew our charge to save children from heinous abuse at the hands of cartels'
By Federal Newswire Report | Jun 30, 2023
U.S. Rep. Juan Ciscomani, R-Ariz., believes cartels have had an increased presence in recent years and children have increasingly been subject to trafficking.
IBM's Mantas: Companies 'need to assess their company requirements' around privacy, security, accuracy with AI
By Federal Newswire Report | Jun 30, 2023
Jesus Mantas, global managing partner at IBM, warned against data privacy and security breaches with the rise of artificial intelligence (AI) technology, saying companies should be proactive in their data privacy measures.
Protect the Public's Trust director: Gensler and Bankman-Fried relationship 'appears to represent everything the American public hates about Washington, D.C.'
By Federal Newswire Report | Jun 30, 2023
SEC Chair Gary Gensler is facing scrutiny for a virtual meeting he reportedly held with Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, without obtaining the necessary permission. Michael Chamberlain, director of the watchdog group Protect the Public's Trust, said the relationship between Bankman-Fried and Gensler is one that Gensler should have "resisted" due to his position in public office.
A 21st Century Cold War of Bits and Bytes: Bill Drexel Discusses China's AI Surge
By Federal Newswire | Jun 30, 2023
Bill Drexel is an associate fellow for the technology and national security program at the Center for a New American Security.
Binance congratulates Israel’s Ministry of Defense on ‘successfully seizing millions of dollars in cryptocurrency intended for terrorist financing’
By David Beasley | Jun 30, 2023
Binance, the world’s largest cryptocurrency exchange, has assisted Israel’s Ministry of Defense in seizing digital assets that were intended to finance the Hezbollah terrorist organization. Binance called the operation “one of the most significant public successes in the counter-terrorist financing space.”
Former director of White House National Security Council explains current challenges of U.S.-China relations
By Andy Nghiem | Jun 30, 2023
The Carnegie Endowment for National Peace recently hosted Dennis Wilder for a virtual fireside chat with host Paul Haenle to examine current challenges in U.S.-China relations and discuss how both countries could stabilize relations and a framework for bilateral competition going forward.
GFI official: 'Symbiotic relationship between Chinese money laundering organizations, cartels'
By Federal Newswire Report | Jun 29, 2023
Illicit Trade Director Channing Mavrellis of Global Financial Integrity (GFI), in a recent interview with The Federal Newswire, said Chinese money laundering operations have been detected by the U.S. Treasury since 2016.
Gordon Chang: “all countries should demand reciprocity from China”
By Federal Newswire Report | Jun 29, 2023
Gordon G. Chang, lawyer, author, and China expert, recently said that every country, including the US, should require reciprocity from China. He appeared on the Border Wars Podcast in February 2023 to discuss current relations between China and the US.
Change in Bank Control Notices; Acquisitions of Shares of a Savings and Loan Holding Company discussed on June 28 by Federal Reserve System
By Federal Newswire | Jun 29, 2023
The US Federal Reserve System published a one page notice on June 28, according to the U.S. Government Publishing Office.
McGinnis: ‘FGI will continue its pursuit of the truth’ through lawsuit regarding CRT
By Federal Newswire Report | Jun 29, 2023
The Functional Government Initiative announced filing of a transparency lawsuit against the U.S. Department of Education for withholding records regarding critical race theory.
FTC Chair: 'Amazon tricked and trapped people into recurring subscriptions without their consent'
By Federal Newswire Report | Jun 28, 2023
Lina M. Khan, Chair of the Federal Trade Commission (FTC), said that Amazon has been tricking customers into paying for subscriptions. The FTC announced that a federal lawsuit has been filed against Amazon.
Federal Reserve System discusses Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company on June 27
By Federal Newswire | Jun 28, 2023
The US Federal Reserve System published a one page notice on June 27, according to the U.S. Government Publishing Office.
Abbott: 'Texas began busing migrants to sanctuary cities last year... Over 500 buses have left the state'
By Federal Newswire Report | Jun 28, 2023
The state of Texas has now sent more than 500 buses of migrants out of state to various cities across the country, Gov. Greg Abbott said.
Federal Reserve Board announces approval of application by Vantage Bank Texas
By Federal Newswire | Jun 28, 2023
News Release: The Federal Reserve Board on Tuesday announced its approval of the application by Vantage Bank Texas, San Antonio, Texas, to establish a branch at 5151 San Felipe, Suite 730, Houston, Texas.
Monaco: DOJ 'breaks new ground by attacking the fentanyl supply chain at its origin'
By Federal Newswire Report | Jun 28, 2023
Deputy Attorney General Lisa O. Monaco said the fentanyl supply chain too often begins in China and evidence exists to show PRC companies sell vast quantities of precursor chemicals to drug cartels.
Mooney: ‘PILT payments help local governments carry out vital services’
By Federal Newswire Report | Jun 28, 2023
Federal payments of $578.8 million will be given to more than 1,900 state and local governments under a program that helps local governments offset losses in property taxes because of nontaxable federal lands within their boundaries.
Rep. Ivory supports National State Lands Act for land conservation
By Federal Newswire Report | Jun 28, 2023
Utah Rep. Ken Ivory, R-39th, said the American Lands Council’s (ALC) proposed National State Lands Act is the best solution for land conservation.
Guidelines for Evaluating Account and Services Requests discussed on June 26 by Federal Reserve System
By Federal Newswire | Jun 27, 2023
The US Federal Reserve System published a two page notice on June 26, according to the U.S. Government Publishing Office.
Crypto CEO Garlinghouse: ‘SEC is throwing lawsuits at the wall’ to ‘distract from the agency’s FTX debacle’
By Andy Nghiem | Jun 27, 2023
Brad Garlinghouse, the CEO of blockchain company Ripple, said the SEC’s lawsuits against leading crypto exchanges, including Binance and Coinbase, are an attempt to overcompensate for the agency’s failure to prevent crypto exchange FTX from misusing customer assets, leaving users with billions of dollars of missing funds when the exchange collapsed last fall.
Federal Reserve Board announces approval of application by Banco de Reservas de la República Dominicana
By Federal Newswire | Jun 27, 2023
News Release: The Federal Reserve Board on Monday announced its approval of the application by Banco de Reservas de la República Dominicana, Santo Domingo, Dominican Republic, to establish representative offices in New York, New York, and Miami, Florida.
