Bitcoin Experts & Advocates Lobby Congress Over Tax Rules

Faced with new tax rules for cryptocurrencies, Ashton Kutcher, Elon Musk and Square chief executive Jack Dorsey were among those who brought the fight to Washington. They and others in the industry including lobbyists, executives and trade group officials reached out to Congress over a provision in the massive new infrastructure bill that would “expand and strengthen tax enforcement of crypto transactions.” Dorsey “brought the Twitter heat” over the issue, igniting a grass roots reaction among thousands of crypto enthusiasts. Continue reading Bitcoin Experts & Advocates Lobby Congress Over Tax Rules

Congress Takes Closer Look at Google-Huawei Relationship

A recent deal between Google and Huawei Technologies now has some influential Congress members looking into the relationship between the two behemoths. Google and Huawei, which have an operating-system partnership, recently struck a deal to upgrade capabilities on Huawei smartphones, which run Google’s Android operating system. After Congressional scrutiny, another Silicon Valley giant — Facebook — said it will end its relationship with Huawei and three other Chinese electronics manufacturers. Continue reading Congress Takes Closer Look at Google-Huawei Relationship

Government Wants Hearing with Tech Firms Over China Ties

Senate Intelligence Committee vice chair Mark Warner wrote to Alphabet and Twitter to raise questions about their relationships with Chinese vendors. Now, he and other top Committee members want to call in Facebook, Google and Twitter chief executives to a public hearing about their platforms’ security, especially with regard to their relationships with Chinese telecommunication companies. Warner also asked Google for information about its partnership with Tencent for patent sharing and future technology development. Continue reading Government Wants Hearing with Tech Firms Over China Ties