Treasury Department

US bans maker of spyware used to target government officials, journalists

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US bans maker of spyware used to target government officials, journalists

The Treasury Department banned the maker of spyware used to target government officials, reporters and activists, deploying “first-of-its-kind” sanctions against sellers of commercial spyware.  The U.S. government deployed sanctions against Greece-based spyware vendor Intellexa on Tuesday and the company’s leadership after targeting U.S. officials.  “Today’s actions represent a tangible step forward in discouraging the misuse … Read more

Larry Summers pulled into OpenAI drama as new board member

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Larry Summers pulled into OpenAI drama as new board member

Economist and former U.S. Treasury Secretary Larry Summers will serve on a new board for OpenAI as part of the fallout from a tumultuous week that saw OpenAI’s ousting and eventual reinstatement of CEO Sam Altman. OpenAI announced early Wednesday it reached an agreement with Altman to return to the company as CEO with a … Read more

As Biden scrambles to reassure Black, Latino voters, some ask if the wealth gap can be fixed

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As Biden scrambles to reassure Black, Latino voters, some ask if the wealth gap can be fixed

The Biden administration is touting economic programs geared toward minority-owned businesses as Black and Hispanic voters show increasing disaffection toward Democrats following a year of higher consumer prices and soaring rents. Recent polling indicates that Black, Hispanic and voters of other backgrounds may be turning away from President Biden. A New York Times/Siena Poll released … Read more

Proposed crypto tax rules draw ire from industry groups

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Proposed crypto tax rules draw ire from industry groups

New rules proposed by the Biden administration on Friday would require cryptocurrency brokers to report information on digital asset sales and exchanges to the Internal Revenue Service (IRS) and taxpayers. The proposal comes as Congress and regulatory agencies try to crack down on crypto tax evasion and simplify filing for taxpayers. “This is part of … Read more