Steven Mnuchin
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To avoid TikTok ban, ByteDance partners with Oracle in the US
The deal will see TikTok partner up with Oracle in the hope of avoiding a ban.
Marco Rubio calls for TikTok review over censorship claims
TikTok owner ByteDance might find itself in legal trouble in the US over claims it's censoring criticism of China in other parts of the world. Senator Marco Rubio has sent a letter to Treasury Secretary Steven Mnuchin asking for the Committee on Foreign Investment in the United States (CFIUS) to review ByteDance's acquisition of Musical.ly in light of the censorship allegations. He argued there was "ample & growing evidence" TikTok was silencing US material to honor Chinese government policies, effectively letting it "suppress freedom of speech" beyond its borders.
White House: Google’s work in China is not a security risk
Earlier this month, Facebook board member and billionaire investor Peter Thiel accused Google of working with China's government. Today, The Wall Street Journal reports that Treasury Secretary Steven Mnuchin said that he and President Trump have no national security concerns about Alphabet Inc.'s work in China.
US Treasury has 'serious concerns' Libra could be used for terrorism
The US government views cryptocurrencies, including Facebook-backed Libra, as a national security issue. In a press conference today, Treasury Secretary Steven Mnuchin said the Treasury Department has "very serious concerns" that Libra could be misused by money launderers, terrorist financiers and other bad players. While the concerns are not entirely surprising, they do make the US government's stance on cryptocurrency more than clear.
