Crypto and support for large techniques pays as Trump makes technical moves Technology

TMillions are that American technological companies have invested in a convincing affection Donald Trump It seemed this week was repaid that the new administration issued a bending of directives that were relaxed regulations and copy lawsuits that were previously directed at holding the industry. CRIPTO, AI and social media companies, many of which have made donations to Trump, they are all expected to benefit.

At the center of the administration step is an elon musk, the richest man in the world. Over the past week, the Federal Agency according to the President’s authorities have fallen the legal combat against his rocket company and the largest American exchange of cryptocurrency. The White House also issued a “deregulatory initiative”, which is aimed at admitting the regulation of the technological sector by empowering musk.

Mošk is the general director of several technological companies that were sued by the Federal Agencies in recent years. The general director of the billionaire piled almost $ 300 million in the president’s election campaign, and is now in charge of the Government Efficiency Department (Doge), which is in charge of reducing federal consumption and regulations.

Cut administrations fall into a pattern of kindness to the technical industry and its billionaires leaders.

On Friday, Kointbas said that the Securities and Exchange Commission transferred plans to reject their lawsuit against Criptocurrenci. On the same day, the Department for Justice announced that it dropped his discrimination against musk space.

Trump also reduces regulatory protective measures on artificial intelligence, which Silicon Valley The general principals have long said that they are overly burdened. The body accused of testing the security of top and models is the harmonization of dismissal after the coasting workers received notice on Wednesday. Two weeks ago, the white house returned an executive order by Joe Biden, to ensure security.

Silicon Valley led to Trump

In addition to musk, several other technical general principals also found Apple’s Tim Cook, Amazon Jeff Bez, Google Sandar Pichai, Metaine Mark Zuckerberg, Openai Altman, Openai Altman and tiktok- This show zi. Everyone donated a million dollars for the Trump’s Iniurial Board and had closed gate meetings with the President.

In the first days of the first Trump administration, some technological companies had disputed relations with the President. They protested against his initiatives, including a ban on immigration from seven countries of the Muslim majority and its attitude on abortion. With Trump’s second time around, things have changed.

“A striking image in the inauguration so many leaders attended by Trump in their first term, he shows that they hope for more favorable treatments,” said Gautam Hans, the rights director of civil rights and civil rights clinics in Cornell. He added that the recent actions of Trump at the Technical Front “reflect the litany of long-term conservative complaints and aggressive deregulatory arguments”.

KOINBASE Needs victory after donating Trump

One month before SEC rejected the suitcase suit, Cripto Company donated $ 1 million in the Trump University Fund, Moving Many Technology Companies and Executive Directors made to enjoy comfortable to comfort. The crypto industry was written large supported by a wide cursed republic candidate, and Trump’s re-elections caused a group in the CRIPTO prices.

“SEK staff agreed to resolve its illegal case of execution from coinbase, subject to the trustee – Proportion of the main wrong,” Paul Graval, the main legal officer of the company, wrote in the blog. “We have always maintained If we were right on facts and law, and today’s announcement confirms that this case should never be submitted in the first place. “

SEC was sued by coins in 2023. years, he claims that the exchange traded 13 tokens that were supposed to be registered with Secu as securities. But Trump Administration takes a friendly approach to cryptou. At the trail of the Trump campaign, he would be “crypto president” and a nominated cryptological commissioner, Paul Atkins lead SEC, replacing Gari Gensler, who took the opposing point of view towards the industry.

The decision to withdraw lawsuits against companies such as the waite is not unexpected. In the first few weeks of the new administration, the sec established the crypt, that experts expect to review and probably reverse policies and cases of previous administration.

The advocate for consumer protection public civil citizens says that the SEC decision would be “evidence positive that the CRIPTO industry campaign paid off.”

“Now an abandoned lawsuit against coins included the most basic Cryptocurrency of the waiters, and must be registered and regulated as such,” said the president of the public citizens in the statement.

“Withdrawal of this basic claim is a huge gift industry, which can only be understood in light of its mass political spending in the last election.”

Trump betrays the order to authorize musk and dog

Trump signed the swing executable It is directed on the cutting of regulations on Wednesday. The order, called the “Deregulatory Initiative” in a statement for the White House, directly echoes the musk and events mission to reduce federal consumption and regulations – and can greatly use the technical industry.

The order will “start the deconstruction of overcoming and loading the administrative situation”, the order is. “Completion of federal transmission and restoration of constitutional separation of authority”.

The command dictates that event, together with the director of the Management and Budget Office, “abolishes illegally regulations” through the audit process that examines “all regulations”. The time strip for that is 60 days. The list of “illegal regulations” is expansive and includes regulations that provide too much power to the Congress, imposing significant costs of private sides and interfere with technical innovation.

Valley Silicon appealed for a long time on the regulations of the Federal Government, many of whom are aimed at anti-competitive and monopolistic behavior and imposes labor standards at work and consumers. Google, Apple and the target sued the Department for Justice in cases of antitrust and discrimination. And the Federal Trade Commission brought suits against many of the same companies, together with Amazon, Ubera and Snapchat.

Some lawyers question the legality and feasibility of this new Deregulatory Executive Red.

“If Trump thinks the dogs will only cancel the regulations under these vague criteria, as he tried just to cancel the agencies, he will be disappointed,” Daniel Walters, Professor of Joined Law at Tekas A & M.

“There is a small law called an administrative procedure that stands on the road.”

The Law on Administrative Procedure requires agencies to abolish existing regulations through the same process as the creation of regulations, Walters said. These processes can last year, and existing regulations are considered connective until complete.

Deregulating AI

Administration officials have repeatedly stated their belief that previous governments overlined the technological industry and created obstacles to innovation, especially in connection with AI. JD Vance Vice President The speech at the global summit and actions emphasize the focus of the administration at “AI Opportunity”, not “AI Safety”.

“We believe that excessive regulation and sector could kill the transformative industry,” Vance told the conference.

Trump has already made several strokes to equip Gardilla around the development and use of AI to put Bidid administrations. Shortly after downloading the function, Trump was abolished and executable order to betray himself to ensure that it was used and developed safely. Trump ordered the order “barrier to American leadership in artificial intelligence.”

It is now an unregulated body that has been charged with testing the most powerful AI models of industry facing dismissal. About 500 trial workers of the Institute for Standards and Technology, which determines the standards of safety and reliability for different sectors, including AI, production and perfect, expect to be fired, according to several reports. Some of these employees received verbal notes on Wednesday, according to Bloomberg. Members of AI Security Institute (AISI), which was created within nothing in response to Biden and Executive Account, are particularly concerned that they will be fired, according to the wired.

Eliminating AIS would not make America and companies more competitive and instead “undermines the efforts, according to Aexsandar Reeve, allegations, executive director of digital rights non-profit center for democracy and technology.

“The Institute for Security AI is designed to play a basic, usual role that coordinates the type of work that must happen that the entire industry would succeed,” said Givens in the statement.

FTC threats

Although Trump has so far made technical moves, its administration also uses its regulators to threaten the technical industry, if the General Directors of Silicon vallein stop being so close to the President. New Chairman of the Federal Trade Commission, Andrew Ferguson, went to X Elona Musk X On Thursday with the promise to go after “Great Technological Censorship”, saying that it is “UN-American” and “potentially illegal.”

He initiated an official investigation in this, which will examine how technological platforms can be prohibition or shadow of banning various users. Trump was temporarily banned on Twitter, Facebook and YouTube after attack 6. January at Capitol.

“Technical firms should not bully their customers,” Ferguson said in a statement.