The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.
Category: Regulation and Deregulation of Industry
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U.K. Opens Inquiry Into Jeff Zucker’s Emirati-Backed Bid for The Telegraph
British regulators announced a review into whether the bid, backed mostly by funds from the United Arab Emirates, could result in adverse foreign influence over the British press.
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U.S. Case Details Binance’s Knowledge About Criminal Users
The crypto exchange treated them as essential customers, the government said. U.S. authorities want the industry to understand how bad that is for business.
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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
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Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal
Financial service companies often avoid what they deem high-risk industries like adult entertainment. When workers lose their accounts, they are left with few options.
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Cryptocurrency Prices Surge, Driven by a Potential Bitcoin Fund
Investors anticipate regulatory approval of an exchange traded fund linked directly to Bitcoin, which will they hope will encourage more people to invest in the digital asset.
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Amazon to Stop Selling Seven Eyedrops After F.D.A. Warning
The Food and Drug Administration told the online retailer in a letter this week that the products were not approved for sale in the United States.
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Polluting Industries Say the Cost of Cleaner Air Is Too High
As the Biden administration prepares to toughen air quality standards, health benefits are weighed against the cost of compliance.
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Biden Finalizes Significant Overhaul in Federal Regulations
New rules from the Office of Management and Budget will change how the federal government weighs costs, enabling new efforts on climate change and poverty.