Congressional Staff Mingled With AI Giants Over Summer Break
House and Senate staffers were given sponsored trips over their August recess to attend conferences and company tours with Google, Meta, Palantir, and SpaceX.
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Tech
AI Industry Picks up Crypto’s Big Money Playbook
A new AI industry group, Leading the Future, has amassed $100 million from heavy hitters like Andreessen Horowitz and OpenAI with aims to knock off candidates who favor stricter regulation.
Cleo Fields Voted to Deregulate Crypto While Investing in Related Tech Companies
The Louisiana Democrat bought stock this summer in a major Ethereum treasury company as well as tech firms venturing into stablecoins.
Meta Bulks Up Lobbying Power to Head Off Possible Break Up
The company spent a record high amount on lobbying in the first quarter ahead of its FTC antitrust trial—and brought on a new squad of Republican lobbyists.
House GOP Targets Rollback of CFPB Rule on Big Tech Payment Apps
Majority Leader Steve Scalise’s plan to use the Congressional Review Act would be a giveaway to Big Tech companies that offer digital payments—and Elon Musk's X.
Meta Spends Record Lobbying Sum Amid TikTok Ban Debate
The Instagram and Facebook parent company spent $24.4 million on lobbying last year as lawmakers banned its rival TikTok.
Trump Could Pick a Big Tech Ally for Next CFPB Head
Melissa Holyoak, an FTC commissioner known for her ties to tech giants like Google, is being considered for director of the consumer watchdog agency that is challenging Big Tech.
Groups Urge State AGs to Bring Antitrust Cases Against Nvidia
Nvidia’s skyrocketing stock price comes as the chipmaker is under federal investigation, which groups say should be complemented by state attorneys general.
X and Meta Employees Meet With MAGA Hub
The Trump-aligned Conservative Partnership Institute sponsored an event this month with X’s head of U.S. elections, Meta’s public policy manager, and staffers for Freedom Caucus representatives.
Coinbase-Funded Reps in Congress Urge SEC to Approve Ethereum ETFs
The cryptocurrency exchange is expected to be a major beneficiary if the Security and Exchange Commission approves pending applications for Ether ETFs.