Judge urges Trump administration to drop $166B tariff appeal

The settlement may prompt further regulatory scrutiny and legislative action on interchange fees, impacting future financial industry practices. The post US judge approves Visa, Mastercard $38B swipe fee settlement appeared first on Crypto Briefing.

The settlement's approval could reshape merchant-card network dynamics, but concerns about duopoly control and fee structures persist. The post US judge grants preliminary approval to Visa and Mastercard’s $38B swipe fee settlement with merchants appeared first on Crypto Briefing.

US embassy came out against UK’s proposed under-16 social media ban, which would affect American firms White House displeasure over the prospect of an under-16 social media ban will not deter the UK from cracking down on tech platforms, the British government has said. The technology secretary, Liz Kendall, told the Guardian she was not concerned “in the slightest” by the Trump administration’s intervention in the debate over restrictions, after the US embassy in London posted a notice warning against a ban. Continue reading...

The Massachusetts senator highlighted workforce cuts and enforcement changes at the regulator under the Trump administration.

Sriram Krishnan, senior policy adviser for artificial intelligence at the White House, is departing the Trump administration at the end of June after 18 months shaping US AI policy from inside the executive branch. Krishnan, a former product leader at Microsoft, Twitter, Facebook, and Snap, and most recently a partner at Andreessen Horowitz, was among […]

A US federal judge has ruled that the Trump administration’s $100,000 fee on new H-1B visa petitions was unlawful, giving technology companies temporary relief from a policy that threatened to raise the cost of hiring foreign skilled workers. The decision removes, at least for now, a major cost burden for employers that use the H-1B program to fill roles in domains including software development, cloud computing, data science, and AI. US District Judge Leo Sorokin in Boston found that the fee functioned as a tax that the administration did not have authority to impose without congressional approval. The ruling came in a lawsuit brought by 20 Democratic state attorneys general challenging the fee. Standard employer costs for H-1B petitions typically range from about $2,000 to $5,000, making the proposed $100,000 payment a sharp increase for companies seeking foreign talent. The ruling is unlikely to end uncertainty for employers, with the Trump administration expected to appeal. But it

Welcome to AI Insider’s The Week Ahead in AI. See the key developments and events we’re watching June 7-13. Weekend AI News Briefs White House AI Policy Adviser Krishnan to Leave Position White House AI adviser Sriram Krishnan said he will leave his position at the end of June after helping shape the Trump administration’s artificial […]

A New York judge has halted proceedings in a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, delaying any attempt to secure a default judgment before a July 14 court hearing. According to court filings made public on June 5,…