Google has filed a motion to dismiss antitrust claims from Penske Media Corporation, arguing its AI-generated search summaries represent lawful product improvements rather than anti-competitive conduct. The search giant contends publishers voluntarily allow content indexing and can opt out entirely. This marks Google’s third attempt to kill the lawsuit after publishers amended complaints twice, setting up a pivotal legal battle over the intersection of generative AI, platform power, and publisher economics.
about Google Seeks Dismissal of AI Antitrust Claims from Major PublisherJustice Department
0 in Finance and 0 in Crypto last weekSenator Warren Probes DeFi Investigations Ahead of Holidays
As the US Senate prepares to adjourn for the holidays, Senator Elizabeth Warren has launched a pointed inquiry into potential federal investigations of decentralized cryptocurrency exchanges. In a formal letter to top officials at the Treasury and Justice Departments, the Massachusetts Democrat cited urgent national security concerns surrounding platforms like PancakeSwap and Uniswap, demanding clarity on enforcement actions and raising alarms about money laundering and political influence. The move underscores the escalating regulatory pressure on the DeFi sector from one of its most prominent congressional critics.
about Senator Warren Probes DeFi Investigations Ahead of HolidaysU.S. Tech Force Launches with Coinbase, Robinhood as Partners
The Trump administration has launched the U.S. Tech Force, a major two-year initiative to embed approximately 1,000 technology specialists across federal agencies. In a significant signal of the crypto industry’s maturing relationship with government, exchanges Coinbase and Robinhood are among nearly 30 private sector partners, which include tech giants like OpenAI, Nvidia, and Microsoft. This public-private partnership aims to tackle critical challenges in AI infrastructure and federal systems, offering high salaries and a potential bridge to private-sector careers.
about U.S. Tech Force Launches with Coinbase, Robinhood as PartnersUS Banks Restricted Crypto Services, OCC Finds Potential Bias
A preliminary investigation by the Office of the Comptroller of the Currency has uncovered that nine of the largest U.S. banks systematically restricted financial services to the cryptocurrency industry and other politically contentious sectors between 2020 and 2023. The regulator’s findings suggest these actions constituted inappropriate discrimination against customers based on their lawful business activities, a practice that could now be referred to the Justice Department for further legal scrutiny.
about US Banks Restricted Crypto Services, OCC Finds Potential BiasTech Stocks Lift Futures, Bitcoin Rebounds Amid Data Wait
Tech stocks are driving equity futures higher as investors await key economic data and Nvidia’s earnings report, while Bitcoin has recovered after wiping out its year-to-date gains. The market’s cautious optimism reflects a pivotal week for economic indicators and corporate results, with the Federal Aviation Administration’s lifting of flight restrictions adding to the positive momentum as US airlines resume normal operations.
about Tech Stocks Lift Futures, Bitcoin Rebounds Amid Data WaitDetroit Man Gets 9 Years for Bitcoin ISIS Funding
A Detroit man has been sentenced to nine years in federal prison for using Bitcoin to finance ISIS operations, marking another significant victory in the U.S. government’s intensified campaign against cryptocurrency-enabled terrorism financing. Jibreel Pratt concealed Bitcoin donations while providing extensive tactical documents on weaponizing drones and organizing intelligence networks, using sophisticated privacy tools to mask his transactions in what authorities describe as a sophisticated attempt to operate “in the shadows.”
about Detroit Man Gets 9 Years for Bitcoin ISIS FundingAI Threatens Google’s Search & Browser Dominance
Google’s long-standing dominance in search and browsers faces its most serious challenge yet from artificial intelligence. As AI-powered alternatives emerge, the very foundation of Google’s advertising revenue model is under threat. The rise of instant AI answers could fundamentally reshape how users interact with the internet, potentially dethroning the tech giant that has ruled online search for decades.
about AI Threatens Google's Search & Browser DominanceSBF Pardon Rumors: Smoke But No Fire in Trump Clemency Push
Conservative activist Laura Loomer’s viral claim of a massive lobbying effort to secure a Trump pardon for Sam Bankman-Fried has ignited social media speculation. While Bankman-Fried’s parents have explored clemency options, no formal lobbying campaign has materialized. Prediction markets give the former FTX CEO only a 3% chance of receiving presidential mercy.
about SBF Pardon Rumors: Smoke But No Fire in Trump Clemency PushSupreme Court Blocks Trump’s Fed Governor Removal Bid
The US Supreme Court has temporarily blocked President Trump’s attempt to remove Federal Reserve Governor Lisa Cook while her lawsuit proceeds, maintaining stability at the central bank as the legal battle continues. Simultaneously, the White House withdrew another key economic nomination, creating further leadership uncertainty at critical economic agencies.
about Supreme Court Blocks Trump's Fed Governor Removal BidWarren Probes DOJ on Binance Settlement Compliance
Senator Elizabeth Warren is leading a congressional inquiry into whether Binance is complying with its landmark $4.3 billion settlement with the Justice Department. The probe questions whether federal prosecutors are adequately monitoring the cryptocurrency exchange’s ongoing obligations, particularly as authorities consider removing Binance’s court-appointed compliance monitor—a critical oversight mechanism established to prevent future money laundering and sanctions violations.
about Warren Probes DOJ on Binance Settlement ComplianceBinance Nears Deal to Drop DOJ Monitor from $4.3B Settlement
Binance is negotiating with federal prosecutors to remove the requirement for an external compliance monitor from its landmark $4.3 billion settlement. The Justice Department is reconsidering mandatory oversight as part of a broader policy shift under the Trump administration. This could significantly reduce compliance costs and operational constraints for the world’s largest cryptocurrency exchange.
about Binance Nears Deal to Drop DOJ Monitor from $4.3B SettlementCrypto Ponzi Scheme Denied Bankruptcy Discharge
Nathan Fuller’s attempt to discharge over $12.5 million in debts through bankruptcy has been denied by a Houston court after he admitted to operating Privvy Investments LLC as a crypto Ponzi scheme. The Justice Department’s Office of Public Affairs announced the ruling, emphasizing that fraudsters cannot use bankruptcy as a ‘safe harbor’ for crypto crimes. Fuller spent investor funds on luxury goods, gambling trips, and a nearly $1 million home for his ex-wife. While the court’s decision reinforces that bankruptcy courts have broad powers to pursue assets globally and compel records from exchanges and custodians, legal experts caution that full recovery for victims is unlikely, particularly since crypto assets can be moved or spent rapidly overseas. The case highlights growing regulatory concerns about crypto firms misusing bankruptcy protection.
about Crypto Ponzi Scheme Denied Bankruptcy Discharge