Conservatives are rallying around Tesla while liberals ditch or distance themselves from Elon Musk’s electric vehicles (EVs) in a surprising about-face for a company whose fate is deeply tied to the politics of sustainability and climate issues.
How policy will be impacting the tech sector now and in the future:
Canada has barred electric vehicle (EV) giant Tesla from all of its rebate programs and banned the Texas-based automotive company from future electric vehicle rebate programs over President Trump’s tariff back-and-forth with Ottawa. Canada’s transport minister, Chrystia Freeland, said in a Tuesday statement to Reuters that Tesla will not be eligible for the rebate program as long as the “illegitimate …
White House taps Musk to investigate Signal chat mishap
Full StoryWorld Liberty Financial, a cryptocurrency venture created by President Trump and his sons, announced plans Tuesday to launch a stablecoin. The stablecoin, USD1, will be pegged to the U.S. dollar. Stablecoins are cryptocurrencies tied to assets, like fiat currency, to maintain a more stable price. “Meet USD1 — the stablecoin your portfolio’s been waiting for,” World Liberty Financial wrote on the social …
The Refresh
Crypto Corner
© AP Photo/Evan Vucci
Companies with ties to President Trump and his family are expanding their footprint in the crypto industry.
World Liberty Financial, a crypto venture launched by Trump and his sons, announced plans for a dollar-backed stablecoin Tuesday.
“Meet USD1 — the stablecoin your portfolio’s been waiting for,” the company wrote on X. “Built for institutions and retail alike. Backed by dollars. Custodied by BitGo. No games. No gimmicks. Just real stability.”
And Trump Media and Technology Group, Truth Social's parent company, unveiled a new partnership with Crypto.com on Monday to launch a series of exchange traded funds (ETFs).
The ETFs are set to compromise digitals assets and securities “with a Made in America focus spanning diverse industries such as energy,” according to a press release.
The new crypto-related ventures come as Trump has emerged as a key proponent of the industry during his second term in office, hosting crypto leaders at the White House and directing the creation of a bictoin strategic reserve and digital asset stockpile.
Branch out with other reads on The Hill:
The president of Signal defended the security of the encrypted messaging app on Tuesday after a bombshell report revealed top Trump administration officials used the app to discuss airstrike plans hours before they took place. In a lengthy post on the social platform X on Tuesday night, Signal President Meredith Whittaker called the app the “gold standard in private comms” without directly mentioning the ongoing …
A federal appeals court in a 2-1 decision Wednesday refused to lift U.S. District Judge James Boasberg’s order blocking the Trump administration from … Read more
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