Google’s tech empire is increasingly on shaky ground after losing two antitrust cases in less than a year.
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How policy will be impacting the tech sector now and in the future:
The Department of Justice (DOJ) argued Monday that a federal judge should force Google to divest from its Chrome browser, suggesting it could send a message to other “monopolists” amid the government’s multiple antitrust battles with Big Tech. The DOJ and Google offered their opening salvos in court, as they kicked off a three-week trial to determine remedies after Google was found to have an illegal monopoly …
FTC files suit accusing Uber of deceptive practices
Full StoryInstagram will test artificial intelligence (AI) technology to help find the accounts of teenagers posing as adults, parent company Meta announced Monday. The technology, which will begin testing Monday, will “proactively” search for accounts it suspects could belong to teenagers, even if they enter a false birth date when creating the account. “We’ve been using artificial intelligence to help determine …
The Refresh
Crypto Corner
Some major players in the cryptocurrency industry are setting their sights on bank charters and licenses amid their broader push into traditional finance.
The Wall Street Journal, citing people familiar with the matter, reported on Monday that crypto firms including Circle and BitGo are planning to apply for bank charters and licenses.
Crypto exchange Coinbase Global and stablecoin company Paxos are considering similar prospects, the Journal reported.
But the Trump administration has turned the page on regulation, encouraging a more friendly relationship between the crypto industry and traditional finance.
The president said last month he wants the U.S. to be the "Bitcoin superpower of the world."
The House and Senate are both weighing legislation on stablecoins, which are cryptocurrencies tied to assets, like fiat currency, intended to maintain a more stable price.
Trump indicated earlier this year he hopes to sign a stablecoin-related bill by August. His family's crypto project, World Liberty Financial, launched a stablecoin, USD1, last month.
PLUS: Bitcoin prices soared Monday, surging above $87,000 even as the stock market fell. Earlier on Monday, Trump urged Federal Reserve Chair Jerome Powell to lower interest rates, calling him a "loser."
Branch out with other reads on The Hill:
Defense Secretary Pete Hegseth allegedly shared attack plans in a Signal chat including his wife, brother and personal lawyer, The New York Times reported Sunday, citing four people familiar with the conversation. In mid-March, the Pentagon leader disclosed information in the chat about upcoming strikes in Yemen, including the flight schedules of military aircraft targeting Houthis, sources told the Times. Last month, it was …
Education Department to restart collections on defaulted federal student loans
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