US House lawmakers discussed CFTC oversight of prediction markets like Kalshi and Polymarket, noting the agency's short-staffing. The proposed CLARITY Act could grant the CFTC more authority over digital assets and prediction markets, amidst a federal-state conflict over regulation, potentially reaching the Supreme Court.
US lawmakers are investigating the increasing use of Chinese AI models by American firms, citing concerns over national security, censorship, and intellectual property theft. While Chinese models offer cost advantages, they are seen as advancing Beijing's agenda. Potential curbs include procurement bans, though open-source models pose challenges.
A U.S. House committee released a report accusing South Korea of "discriminatory attacks" on American companies like Coupang, alleging violations of a bilateral trade deal. The report criticizes South Korea's investigations and fines against Coupang, particularly concerning a massive data leak, claiming these actions protect domestic industries.
A US congressional hearing urged faster innovation to counter China's tech growth, with lawmakers criticizing Trump administration policies and highlighting concerns over R&D spending and scientist emigration. Calls were made for legislation supporting AI, robotics, quantum computing, and semiconductors.
Billionaire investor Leon Black testified before the House Oversight Committee, stating Jeffrey Epstein deceived him during their relationship where Black paid Epstein $158 million, while denying criminal wrongdoing. Black, former Apollo Global Management CEO, maintained he was unaware of Epstein's 'nefarious activity' until 2019.
A transcript of Bill Gates' testimony regarding his relationship with Jeffrey Epstein was released by a House committee. Gates expressed regret for meeting Epstein, stating it was to secure funding for the Gates Foundation, and said he never witnessed Epstein's criminal conduct.
US House Energy and Commerce Committee leaders agreed on legislation requiring social media platforms to offer child and parent safeguards. The bipartisan deal aims to hold 'Big Tech accountable' and improve the digital environment for kids, though specific details remain undisclosed.
Staff from the House oversight and judiciary committees visited the Texas prison where Ghislaine Maxwell is serving her sentence. Democrats claim prison leadership obstructed their questioning about Maxwell's transfer and alleged preferential treatment.
A bipartisan group of senators and two Democratic House committees are challenging the National Science Foundation's (NSF) plan to dismantle the Ocean Observatories Initiative (OOI), a $386 million ocean sensor network. Lawmakers accuse the NSF of acting illegally and violating constitutional powers by decommissioning the system without congressional direction, citing potential threats to coastal communities and scientific research.
Democratic and Republican lawmakers are demanding the National Science Foundation reverse its plan to dismantle the Ocean Observatories Initiative, a $386 million ocean monitoring network. House committees accuse the agency of illegal action, while senators cite potential harm to coastal communities and scientific research.
Democratic senators and two House committees are demanding the National Science Foundation reverse its plan to dismantle the Ocean Observatories Initiative, a $386 million ocean monitoring network. Lawmakers accuse the agency of illegal action and wasting taxpayer money, citing a lack of consultation and potential threats to coastal safety and climate research.
The US House Committee on Appropriations has proposed a $2 billion defense bill for Taiwan, including $1 billion for the Taiwan Security Cooperation Initiative for medical support, training, and joint uncrewed systems development, and another $1 billion for replacing defense articles.
Bill Gates testified before a US House committee regarding his relationship with Jeffrey Epstein, admitting he "did not fully understand the extent of Epstein's crimes" and "should not have met him." Gates denied any involvement in Epstein's criminal activities.
Bill Gates testified before the House committee on oversight and reform, stating he had no indication of Jeffrey Epstein's criminal conduct and never visited his properties. Gates admitted to meeting Epstein in 2011 and 2012 for philanthropic discussions, but ended contact in 2014.
Tech billionaire Bill Gates testified before the House Oversight Committee regarding his past meetings with Jeffrey Epstein. Gates stated he never witnessed Epstein's criminal conduct but regretted the association, which ended in 2014.
Lesley Groff, Jeffrey Epstein's longtime executive assistant, testified before the House oversight committee, denying knowledge of Epstein's crimes during her employment from 2001 to 2019.
The US House Ways and Means Committee has released seven draft bills to clarify and simplify digital asset taxation, including reduced paperwork for crypto holders, clarity on mining/staking, and a potential 'de minimis' exception for small transactions, ahead of a Tuesday hearing.
A House committee has referred Philip Levine and Frédéric Fekkai to the DOJ for prosecution following sexual assault allegations by Jeffrey Epstein's former assistant, Sarah Kellen. Kellen testified about abuse by Epstein and Ghislaine Maxwell.
The US Justice Department has dropped a $1.8 billion compensation fund plan, criticized as a "slush fund" for Trump allies. Acting AG Todd Blanche announced the decision, a setback for a divisive initiative that faced opposition from Democrats, legal experts, and Republicans.
House Oversight Committee Chair James Comer has sent letters to the CEOs of prediction markets Kalshi and Polymarket, demanding records on how they handle insider trading, citing concerns over elected officials profiting from non-public information.
A US House committee has overwhelmingly approved the Sunshine Protection Act, which would make daylight saving time permanent. The bill faces further hurdles in the full House and Senate, with opponents citing concerns about dark winter mornings.
The US Commodity Futures Trading Commission is currently headed by Chair Michael Selig, with no public statement from Donald Trump about fully staffing the five-member panel of commissioners.
The U.S. House Homeland Security Committee demands Instructure's CEO testify over the company's response to two cyberattacks that stole millions of students' personal data worldwide.
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. UN bloated, costly, but China fears to keep US involved, House committee told The United Nations is bloated, costly, badly in need of reform, and too often works against US interests, but pulling out of the international organisation would see China expand its influence and leave Washington...
