Author: cmackenzie
Tech Urges Supreme Court to Uphold Affirmative Action
On Monday, Chamber of Progress joined nearly 70 major U.S. corporations, including more than a dozen leading tech companies, in filing an amicus brief with the Supreme Court in support of race-conscious admissions programs being challenged at Harvard and the University of North Carolina. The brief argues that a diverse pipeline of graduates in STEM… Continue reading Tech Urges Supreme Court to Uphold Affirmative Action
FTC Sues Meta to Block VR Acquisition
On Wednesday, the Federal Trade Commission (FTC) announced a lawsuit seeking to block Meta’s acquisition of virtual reality fitness company Within. The case relies on an extremely narrow market definition of “VR Dedicated Fitness Apps” that overlooks the reality of competition between platforms. The lawsuit ignores that VR competes against other platforms, including Xbox and… Continue reading FTC Sues Meta to Block VR Acquisition
Letter to California Lawmakers: Concerns about Crypto Legislation (AB 2269)
Polling Reveals Dem Concern Over Content Moderation in Tech Competition Bills
On Wednesday, Chamber of Progress released new polling showing that voters – including a supermajority of Democrats and Independents – support the right of tech companies to moderate content on their platforms and are concerned that tech antitrust legislation (S. 2992 and S. 2710) could prevent online platforms from taking down harmful content, including hate… Continue reading Polling Reveals Dem Concern Over Content Moderation in Tech Competition Bills
SEC Alleges Crypto Tokens are Securities
On Thursday, the Securities and Exchange Commission (SEC) filed securities fraud charges against a former Coinbase employee for wrongdoing, alleging in its charges that nine tokens listed on Coinbase’s platform qualify as unregistered securities. The SEC has never published rules defining what digital assets might qualify as securities, nor has it provided any rules that… Continue reading SEC Alleges Crypto Tokens are Securities
House Marks Up Consumer Privacy Bill
On Wednesday, the House Energy and Commerce Committee marked up H.R. 8152, consumer privacy legislation with bipartisan, bicameral support. The bill protects consumers against the misuse of private data and also includes civil rights protections against discriminatory algorithms which limit access to housing, employment, credit, and othe services. “Voters from both parties want Congress to… Continue reading House Marks Up Consumer Privacy Bill
Chamber of Progress Warns Congress of Crypto Job Losses
On Wednesday, Chamber of Progress released a letter to eight committee chairs in the Senate and House of Representatives urging swift action on regulatory crypto legislation in the face of a downturn for the digital assets industry. While employment in the industry surged during the first two years of the decade, the combination of an… Continue reading Chamber of Progress Warns Congress of Crypto Job Losses