Congress seems drugged and inert most of the time. Even when the problems it ignores build up to crises and erupt in strikes, riots, and demonstrations, it has not moved. Its idea of meeting a problem is to hold hearings or, in extreme cases, to appoint a commission. – Representative Shirley Chisholm, writing in her book Unbought and Unbossed The U.S. Constitution vests in Congress the power to create laws and in the executive branch the responsibility of implementing and enforcing those laws, while the judicial branch interprets laws and assures they do not violate the Constitution. This vaunted system of checks and balances is designed to ensure a…
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The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)From privacy regulators to Walmart, Facebook’s Libra faces growing threats
The US, EU, Canada, and Australia demand data protection guarantees; Walmart patents its own cryptocurrency
In a joint statement on August 6, data protection regulators from the United States, United Kingdom, European Union, Canada, and Australia came head-on, issuing a joint statement slamming the Libra project and Facebook for failing to address the fledgling cryptocurrency’s privacy risks.
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Not even a few hours after it was announced and there's already stock photos of Facebook's libra cryptocurrency (via Shutterstock).From Europe and America, Facebook’s Libra cryptocurrency faces suspicion
The social media giant will also have a high regulatory hurdle to jump before launching the digital asset
Less than 12 hours after it was announced, Facebook’s new libra cryptocurrency was already causing the kind of concern in European financial circles that even Bitcoin has not been able to generate.
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Crypto-fueled browser Brave wants Congress to help you break up with big tech
A very productive chat between titans of tech and the grandparents who run our government
Crypto browser Brave’s Chief Policy & Industry Relations Officer Johnny Ryan testified Tuesday at the U.S. Senate Judiciary Committee in favor of restricting advertiser’s access to user’s personal data. The hearing on “Understanding the Digital Advertising Ecosystem and the Impact of Data Privacy and Competition Policy” was a big step forward to helping the older folks who make our internet laws understand the impact they have on the future.
