The Securties and Exchange Commission’s investigation was related to an almost two-year-old lawsuit against the struggling NFT marketplace, but has now been dropped as the agency backs off of its campaign against digital assets, reports Axios.
The news follows yesterday’s SEC announcement it was ending a similar lawsuit against Coinbase.
Italian prosecutors plan to drop an investigation opened against Google for allegedly failing to pay taxes on earnings in Italy between 2015 and 2019 after the tech giant agreed to pay a €326 million (about $340 million) settlement. That’s a sizable sum even for Google, but nothing compared to the $1 billion fine it agreed to pay France in 2019 following similar tax disputes.
The Cybersecurity and Infrastructure Security Agency (CISA) issued a memo freezing its election security efforts to review all work and positions “related to election security and countering mis- and- disinformation” at the state and local level since 2017, reports Wired. The review is reportedly set to conclude on March 6th.
The outlet writes that the memo also confirms an earlier Politico report that CISA employees associated with the work were placed on administrative leave on February 7th.
The Federal Trade Commission has finalized an order imposing the fine, which DoNotPay agreed to last year. In addition, the company is forbidden from deceptively advertising, without proof, that its “so-called robot lawyer” is as good as a human lawyer.
The agency approved the order by 5–0 on January 16th, prior to former FTC Chair Lina Khan’s exit and replacement with Andrew Ferguson.
Two days after DOGE head Elon Musk posted “CFPB RIP” on X, employees of the Consumer Financial Protection Bureau headquarters in Washington, DC were told via email today to work remotely next week, as the office will be closed, reports Business Insider.
That’s after an email last night from OMB director Russell Vought, who Trump had just made CFPB Acting Director, stopped most agency work, including “supervisory activities that ensure companies are complying with the law,” the outlet writes.
Federal employees face a flood of executive orders, termination notices, and a breakdown in communication.
