This episode of the Cyberlaw podcast begins with digging into a bill that is more likely to transform technology regulation than most of the proposals you’ve actually heard about – a bipartisan effort to regulate US technology investment abroad. The new bill contains a mirror of the United States Committee on Foreign Investment (CFIUS), Matthew Heyman reports. When CFIUS regulates domestic investment from hostile countries, the new proposal will regulate foreign investment – from the United States to hostile nations. The goal is to delay the transfer of technical experience (and capital) from the United States to China. He is opposed by the Chinese government and the same US business alliance that is campaigning against Senator Cornin’s CFIUS reforms in 2018. I guess if it passes, it will be part of the legislation that needs to be passed, and it will be a big surprise for most technology observers.
The world of cryptocurrencies can do the same Leslie Gore his official singer, because everyone is crying at the end of the crypto party. Well, except for Nick Weaver, who makes a big tour of all cryptocurrency companies with over-leverage on or above the brink of collapse such as bitcoin values drop to $ 20 thousand and lower.
Scott Shapiro and trade reviews for a series of stories claiming that Microsoft lowers security in their products. Unfortunately, it would make sense for Microsoft to deduct value from its own software, limiting itself to security, we think, but we can’t explain why the company would ignore cloud security, as it is increasingly accused of.
This brings us to NickTalk for TikTok and a a look behind the scenes what happened to the TikTok-CFIUS case in the years since former President Donald Trump left the scene. It turns out that CFIUS is persistently pursuing parts of the deal that were still on the table in 2020: localization of user data in the United States and lack of Chinese access to data. The first is moving forwardNick tells us; the second turns out to be a swamp.
Speaking of localization, India’s determination to locate credit card data was rewarded. Matthew reports that the disruption of new credit card customers for non-compliant card systems has worked: Mastercard locates its data and India has already lifted the ban.
Scott reports on Japan ‘s latest contribution to techlash: a law that makes “online insults” a crime.
Scott also notes a modest bright spot in NSO Group’s Facebook lawsuit: Supreme Court granted the company’s request the U.S. government to be asked to assess whether the NSO can claim sovereign immunity for the hacker tools it sells to the government. Nick puts on his funeral dance shoes to break the bad news for the NSO: the Biden administration breaks down or reportedly acquired by US-based L3Harris Technologies.
Scott works briefly on the idea that Google AI chatbot has come to its senses. Of course, as a trained philosopher, Scott seems a little reluctant to admit that I’ve come to my senses. We agree that this is a hell of a good chatbot.
And in quick hits I note the appointment of April Dos as Chief Adviser to the National Security Agency Adviser after a long series of acting Chief Advisers.
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