United States

The Problems With Polls (nybooks.com) 227

Political polling, once hailed as a revolutionary tool for democracy, is facing a crisis of confidence amid high-profile failures and fundamental critiques. Data scientist G. Elliott Morris, Nate Silver's successor at FiveThirtyEight, has defended polling's relevance in a new book, arguing it remains crucial for revealing public opinion despite challenges like plummeting response rates and rising costs.

But critics, including political scientist Lindsay Rogers and sociologist Leo Bogart, have long questioned polling's ability to capture the complexities of public sentiment, arguing it reduces nuanced political matters to simplistic yes/no questions and potentially records opinions that don't exist outside the survey context. Social media platforms, promising to transform democracy by facilitating constant public feedback, have further complicated the polling landscape. The story adds: Today that product remains overwhelmingly popular: polls saturate election coverage, turn politics into a spectator sport, and provide an illusion of control over complex, unpredictable, and fundamentally fickle social forces. That isn't to say that polls don't have uses beyond entertainment: they can be a great asset to campaigns, helping candidates refine their messages and target their resources; they can provide breakdowns of election results that are far more illuminating than the overall vote count; and they can give us a sense -- a vague and sometimes misleading sense -- of what 300 million people or more think about an issue. But, pace Morris, the time for celebrating polls as a bastion of democracy or as a means of bringing elites closer to voters is surely over. The polling industry continues to boom. Democracy isn't faring quite so well.

Silicon Valley ultimately peddled the same feel-good story about democracy as the polling industry: that the powerful are unresponsive to the wider public because they cannot hear their voices, and if only they could hear them, then of course they would listen and act. The virtue of this diagnosis is that structural inequalities in wealth and power are left intact -- all that matters in democracy is that everyone has a voice, regardless of background. In a very narrow, technical sense, their innovations have made this a reality. But the result is a loud, opinionated, and impotent public sphere, coarsened by social and economic divisions and made all the more disillusioned by the discovery that, in politics, it takes more than a voice to be heard.

The Courts

Creator of Kamala Harris Parody Video Sues California Over Election 'Deepfake' Ban (politico.com) 337

Longtime Slashdot reader SonicSpike shares a report from Politico: The creator of a video that used artificial intelligence to imitate Kamala Harris is suing the state of California after Gov. Gavin Newsom signed laws restricting the use of digitally altered political "deepfakes," alleging First and 14th Amendment violations. Christopher Kohls, who goes by the name "Mr Reagan" on X, has been at the center of a debate over the use of AI-generated material in elections since he posted the video in July, calling it a parody of a Harris campaign ad. It features AI-generated clips mimicking Harris' voice and saying she's the "ultimate diversity hire." The video was shared by X owner Elon Musk without calling it parody and attracted the ire of Newsom, who vowed to ban such content.

The suit (PDF), filed Tuesday in federal court, seeks permanent injunctions against the laws. One of the laws in question, the Defending Democracy from Deepfake Deception Act, specifies that it does not apply to satire or parody content. It requires large online platforms to remove or label deceptive, digitally altered media during certain periods before or after an election. Newsom spokesperson Izzy Gardon said in a statement that Kohls had already labeled the post as a parody on X. "Requiring them to use the word 'parody' on the actual video avoids further misleading the public as the video is shared across the platform," Gardon said. "It's unclear why this conservative activist is suing California. This new disclosure law for election misinformation isn't any more onerous than laws already passed in other states, including Alabama."

Bitcoin

The Trumps Have Gone Full Crypto With World Liberty Financial (wired.com) 141

An anonymous reader quotes a report from Wired: Eric and Donald Trump Jr., the sons of former president Donald Trump, have pledged to "make finance great again" with a new family-run crypto endeavor called World Liberty Financial. Introduced in a meandering livestream on X Monday, the Trump family and their associates described World Liberty Financial as a crypto platform that would let users conduct transactions without a bank sitting in the middle and extracting fees -- a concept known as decentralized finance, or DeFi. While short on details, Donald Trump, Jr. and Eric Trump both stressed repeatedly that World Liberty Financial's primary goal was to make DeFi more broadly accessible. "It's truly our job to make it understandable," said Eric Trump during the livestream. "We have to make it intuitive, we have to make it user-friendly, and we will." Former President Donald Trump joined the call as well, stressing his pro-crypto stance. "I do believe in it," said Trump of cryptocurrency generally. "It has a chance to really be something special."

The Trumps aren't alone in leading World Liberty Financial. They're joined by crypto veterans Chase Herro and Zak Folkman, as well as Steve Witkoff, a real estate investor and friend of Donald Trump's. In addition to the platform itself, World Liberty Financial will come with a governance token, WLFI, which will provide owners the right to vote "on matters of the platform." Approximately 63 percent of the tokens will be sold to the public; 17 percent are set aside for user rewards, and 20 percent will be reserved for World Liberty Financial team compensation. [...] World Liberty Financial will face steep competition in a DeFi market already crowded with similar services, among them Aave, Compound, Venus Protocol, and others. "DeFi is pretty mature, especially on the over-collateralized side," says Zach Hamilton, founder of crypto startup Sarcophagus and venture partner at VC firm Venture51. But the Trumps need not necessarily do anything novel, if they can capitalize on their mammoth public platform to peddle the new venture. "[World Liberty Financial] is launching with the most free marketing that any crypto company could ever get," says Hamilton. "Trump is the king of living rent free in people's minds."
"I welcome any effort to bring DeFi into the mainstream," says Brad Harrison, CEO of Venus Protocol. "But like the autopilot in a Tesla, DeFi may give the appearance of something that's simple, but the inner workings are complex. Without a solid grasp of its nuances in the hands of seasoned technologists and financial engineers, a new platform risks being more of a branding exercise than a substantive and safe contribution to the space."
Democrats

Taylor Swift Endorses Kamala Harris In Response To Fake AI Trump Endorsement (theverge.com) 506

After tonight's ABC presidential debate, Taylor Swift announced her support for Vice President Kamala Harris in the upcoming presidential election after AI-generated images falsely depicted her endorsing Donald Trump. "Recently I was made aware that AI of 'me' falsely endorsing Donald Trump's presidential run was posted to his site. It really conjured up my fears around AI, and the dangers of spreading misinformation," Swift wrote in an Instagram post. "It brought me to the conclusion that I need to be very transparent about my actual plans for this election as a voter. The simplest way to combat misinformation is with the truth." The Verge reports: Her post references an incident in late August, in which Trump shared a collection of images to Truth Social intended to show support for his presidential campaign. Some of the photos depict "Swifties for Trump," and another obviously AI-generated image shows Swift herself in an Uncle Sam-type image with text reading, "Taylor wants YOU to vote for Donald Trump." The former president captioned the post, "I accept!" [...]

This wasn't the first time AI images of Swift were circulated on social media. Earlier this year, nonconsensual sexualized images of her made using AI were shared on X. That incident prompted the White House to call for legislation to "deal" with the issue.

Politics

'Error' Causes Alexa To Endorse Kamala Harris, Refuse To Discuss Trump (theregister.com) 288

An anonymous reader shares a report: It would be perfectly reasonable to expect Amazon's digital assistant Alexa to decline to state opinions about the 2024 presidential race, but up until recently, that assumption would have been incorrect. When asked to give reasons to vote for former President Donald Trump, Alexa demurred, according to a video from Fox Business. "I cannot provide responses that endorse any political party or its leader," Alexa responded. When asked the same about Vice President Kamala Harris, the Amazon AI was more than willing to endorse the Democratic candidate.

"There are many reasons to vote for Kamala Harris," Alexa said. Among the reasons given was that Harris has a "comprehensive plan to address racial injustice," that she promises a "tough on crime approach," and that her record on criminal justice and immigration reform make her a "compelling candidate." Harris has been dividing Silicon Valley since she took up the Democratic nomination from President Joe Biden, with some leaders in the tech industry touting her potential as a pro-tech president, and others diving head-first into the misinformation circus that's being driven by new tools like AI.
An Amazon spokesperson said this "was an error that was quickly fixed."
The Almighty Buck

Trump Sons Plan Crypto Startup (politico.com) 203

To make America the "crypto capital of the planet," former U.S. President Donald Trump promised crypto-friendly policies, writes Politico, which "could have a new beneficiary: his own family." Trump has vowed to enact an array of pro-crypto policies in a bid to win votes — and campaign cash — from digital asset enthusiasts in recent months. Now, he's weaving the overtures into his pitch for his sons' forthcoming startup... It remains unclear what the Trump sons' crypto venture will look like. They have been teasing their plans to launch it for weeks, in part by positioning it as an alternative to the use of big banks.... ["Be defiant," reads the tagline on their World Liberty Financial home page — with nothing more than its name and the words "Coming soon."]

Trump's sons took over control of their father's business, the Trump Organization, after he became president in 2017, but he retained ownership of the company... It is unclear whether the crypto startup would be launched as part of the Trump Organization or as a separate entity. Either way, ethics experts and watchdogs say the crypto business could create the appearance of a conflict of interest if Trump wins back the White House this fall... From an "optics perspective, it's terrible," said Richard Painter, who served as chief White House ethics lawyer under former President George W. Bush and later ran for Congress as a Democrat. But he said it wouldn't violate any ethics laws.

The family venture is the latest way Trump has embraced the digital asset industry, which is pouring more than $160 million into the 2024 elections as it seeks to help elect allies up and down the ballot. Trump has also marketed his own line of non-fungible tokens, or NFTs, which are digital images of the former president that fans can purchase for $99... Trump's NFT sales could also raise ethics concerns, said Jordan Libowitz, vice president for communications at the Citizens for Responsibility and Ethics in Washington....

"[P]rior conflicts and illegalities took advantage of preexisting loopholes," said Norman Eisen, an ethics lawyer who served in the Obama White House and later helped build the first impeachment case against Trump. "Here, Trump appears to be promising to create the loopholes while his family is simultaneously designing a business venture to exploit them."

The article notes that Trump promoted his son's crypto venture on X this week with audio from Trump's speech at a crypto conference in July. "He first revealed his pro-crypto leanings — after previously deriding digital currency — at a Mar-a-Lago event in May with supporters who bought his crypto-linked digital trading cards..."

"Trump is also facing new questions about what he would do with his stake in the parent company of the social media service Truth Social," the article adds. (Although this week the stock hit a new low. After losing 50% of its value in six weeks, it's dropped below $20 per share for the first time since it started publicly trading...)
Power

Publicly Available EV Charger Network Doubles Under Biden-Harris Administration (electrek.co) 247

An anonymous reader quotes a report from Electrek: Over 192,000 publicly available charging ports are now online, and approximately 1,000 new chargers are being added each week. To build on this momentum, the federal government has awarded $521 million in grants to further expand the national network, with new chargers being deployed across 29 states, two Federally Recognized Tribes, and the District of Columbia.

The $521 million investment is divided into two key areas: 41 community projects ($321 million) and 10 corridor fast-charging projects ($200 million). The grant awards also support President Biden's Justice40 Initiative, which aims for 40% of the overall benefits of federal investments to flow to disadvantaged communities, with over half of the funding going to sites in disadvantaged communities.
US Transportation Secretary Pete Buttigieg emphasized the importance of this initiative, stating, "The Biden-Harris Administration has been clear about America leading the EV revolution, and thanks to the historic [Bipartisan Infrastructure Law] package, we're building a nationwide EV charger network to make sure all drivers have an accessible, reliable, and convenient way to charge their vehicles."
AI

Wyoming Voters Face Mayoral Candidate Who Vows To Let AI Bot Run Government 51

An anonymous reader quotes a report from The Guardian: Voters in Wyoming's capital city on Tuesday are faced with deciding whether to elect a mayoral candidate who has proposed to let an artificial intelligence bot run the local government. Earlier this year, the candidate in question -- Victor Miller -- filed for him and his customized ChatGPT bot, named Vic (Virtual Integrated Citizen), to run for mayor of Cheyenne, Wyoming. He has vowed to helm the city's business with the AI bot if he wins. Miller has said that the bot is capable of processing vast amounts of data and making unbiased decisions. In what AI experts say is a first for US political campaigns, Miller and Vic have told local news outlets in interviews that their form of proposed governance is a "hybrid approach." The AI bot told Your Wyoming Link that its role would be to provide data-driven insights and innovative solutions for Cheyenne. Meanwhile, Vic said, the human elected office contender, Miller, would serve as the official mayor if chosen by voters and would ensure that "all actions are legally and practically executed."

"It's about blending AI's capabilities with human judgment to effectively lead Cheyenne," the bot said. The bot said it did not have political affiliations -- and its goal is to "focus on data-driven practical solutions that benefit the community." During a meet-and-greet this summer, the Washington Post reported that the AI bot was asked how it would go about making decisions "according to human factor, involving humans, and having to make a decision that affects so many people." "Making decisions that affect many people requires a careful balance of data-driven insights and human empathy," the AI bot responded, according to an audio recording obtained and published by the Washington Post. Vic then ran through a multi-part plan that suggested using AI technology to gather data on public opinion and feedback from the community, holding town hall meetings to listen to residents' concerns, consulting experts in relevant fields, evaluating the human impact of the decision and providing transparency about the decision-making. According to Wyoming Public Media, Miller has also pledged that he would donate half the mayoral salary to a non-profit if he is elected. The other half could be used to continually improve the AI bot, he said.
Miller has faced some pushback since announcing his mayoral campaign. Wyoming's Secretary of State, Chuck Gray, launched an investigation to determine if the AI bot could legally appear on the ballot, citing state law that says only real people that are registered to vote can run for office. City officials clarified that Miller is the actual candidate, so he was allowed to continue. However, Laramie County ruled that only Miller's name would appear on the ballot, not the bot's.

OpenAI later shut down Miller's account, but he quickly created a new one and continued his campaign.
Politics

OpenAI Says Iranian Group Used ChatGPT To Try To Influence US Election (axios.com) 27

An anonymous reader quotes a report from the Washington Post: Artificial intelligence company OpenAI said Friday that an Iranian group had used its ChatGPT chatbot to generate content to be posted on websites and social media (Warning: source is paywalled; alternative source) seemingly aimed at stirring up polarization among American voters in the presidential election. The sites and social media accounts that OpenAI discovered posted articles and opinions made with help from ChatGPT on topics including the conflict in Gaza and the Olympic Games. They also posted material about the U.S. presidential election, spreading misinformation and writing critically about both candidates, a company report said. Some appeared on sites that Microsoft last week said were used by Iran to post fake news articles intended to amp up political division in the United States, OpenAI said.

The AI company banned the ChatGPT accounts associated with the Iranian efforts and said their posts had not gained widespread attention from social media users. OpenAI found "a dozen" accounts on X and one on Instagram that it linked to the Iranian operation and said all appeared to have been taken down after it notified those social media companies. Ben Nimmo, principal investigator on OpenAI's intelligence and investigations team, said the activity was the first case of the company detecting an operation that had the U.S. election as a primary target. "Even though it doesn't seem to have reached people, it's an important reminder, we all need to stay alert but stay calm," he said.

United States

The Nation's Best Hackers Found Vulnerabilities in Voting Machines - But No Time To Fix Them (politico.com) 189

Hackers at the DEF CON conference in Las Vegas identified vulnerabilities in voting machines slated for use in the 2024 U.S. election, but fixes are unlikely to be implemented before November 5, organizers said. The annual "Voting Village" event, held away from the main conference floor due to security concerns, drew election officials and cybersecurity experts. Organizers plan to release a detailed report on the vulnerabilities found.

Catherine Terranova, an event organizer, said major systemic changes are difficult to make 90 days before an election, particularly given heightened scrutiny of election security in 2024. The process of addressing vulnerabilities involves manufacturer approval, recertification by authorities, and updating individual devices. This typically takes longer than the time remaining before the election, according to Scott Algeier, executive director of the Information Technology-Information Sharing and Analysis Center. The event comes amid ongoing concerns about foreign targeting of U.S. elections, including a recent hack of former President Donald Trump's campaign, reportedly by Iran.
Republicans

FBI Investigating After Trump Campaign Says It Was Hacked (thehill.com) 75

Over the weekend, former President Donald Trump's campaign said that it had been hacked, with internal documents reportedly obtained illegally by foreign sources to interfere with the 2024 election. While the Trump campaign claimed that Iran was responsible, it is unclear who exactly was behind the incident. The FBI said it was aware of the allegations and confirmed Monday that it is "investigating this matter." The Hill reports: U.S. agencies have thus far failed to comment on the claims that Iran was responsible for the hack, even as recent intelligence community reports have noted growing Iranian efforts to influence the U.S. election. "This is something we've raised for some time, raised concerns that Iranian cyber actors have been seeking to influence elections around the world including those happening in the United States," John Kirby, the White House's national security communications adviser, told reporters Monday. "These latest attempts to interfere in U.S. elections is nothing new for the Iranian regime, which from our vantage point has attempted to undermine democracies for many years now."

A report from the Office of the Director of National Intelligence released last month noted Iranian efforts designed to "fuel distrust in U.S. political institutions and increase social discord." "The IC has observed Tehran working to influence the presidential election, probably because Iranian leaders want to avoid an outcome they perceive would increase tensions with the United States. Tehran relies on vast webs of online personas and propaganda mills to spread disinformation," the report states, including being particularly active on exacerbating tensions over the Israel-Gaza conflict.

Republicans

Trump's Campaign 'Says It Has Been Hacked', Reports CNN (cnn.com) 210

CNN reports: Former President Donald Trump's campaign said Saturday in a statement that it had been hacked.

Politico reported earlier Saturday that it had received emails from an anonymous account with documents from inside Trump's campaign operation. "These documents were obtained illegally from foreign sources hostile to the United States, intended to interfere with the 2024 election and sow chaos throughout our Democratic process," Trump campaign spokesperson Steven Cheung said in a statement to CNN.

Cheung pointed to a recent report published by Microsoft that said Iranian operatives had ramped up their attempts to influence and monitor the US presidential election by creating fake news outlets targeting liberal and conservative voters and by trying to hack an unnamed presidential campaign... Still, it's not clear whether Iran was responsible for the hack. CNN has reached out to the Iranian mission to the United Nations for comment...

Politico reported it had received emails that contained internal communications from a senior Trump campaign official and a [271-page] research dossier the campaign had put together on Trump's running mate, Ohio Sen. JD Vance. The dossier included what the Trump campaign identified as Vance's potential vulnerabilities...

In 2016, days before the Democratic National Convention, WikiLeaks published nearly 20,000 emails from the Democratic National Committee server.

Government

Secret Service's Tech Issues Helped Shooter Go Undetected At Trump Rally (theguardian.com) 155

An anonymous reader quotes a report from The Guardian: The technology flaws of the U.S. Secret Service helped the gunman who attempted to assassinate Donald Trump during a rally in Butler, Pennsylvania, last month evade detection. An officer broadcast "long gun!" over the local law enforcement radio system, according to congressional testimony from the Secret Service this week, the New York Times reported. The radio message should have travelled to a command center shared between local police and the Secret Service, but the message was never received by the Secret Service. About 30 seconds later, the shooter, Thomas Crooks, fired his first shots.

It was one of several technology issues facing the Secret Service on 13 July due to either malfunction, improper deployment or the Secret Service opting not to utilize them. The Secret Service had also previously rejected requests from the Trump campaign for more resources over the past two years. The use of a surveillance drone was turned down by the Secret Service at the rally site and the agency also did not bring in a system to boost the signals of agents' devices as the area had poor cell service. And a system to detect drone use in the area by others did not work, according to the report in the New York Times, due to the communications network in the area being overwhelmed by the number of people gathered at the rally. The federal agency did not use technology it had to bolster their communications system. The shooter flew his own drone over the site for 11 minutes without being detected, about two hours before Trump appeared at the rally.
Ronald Rowe Jr, the acting Secret Service director, said it never utilized the technological tools that could have spotted the shooter beforehand.

A former Secret Service officer also told the New York Times he "resigned in 2017 over frustration with the agency's delays in evaluating new technology and getting clearance and funding to obtain it and then train officers on it," notes The Guardian. Furthermore, the Secret Service failed to record communications between federal and local law enforcement at the rally.
Government

Senate Passes the Kids Online Safety Act (theverge.com) 84

An anonymous reader quotes a report from The Verge: The Senate passed the Kids Online Safety Act (KOSA) and the Children and Teens' Online Privacy Protection Act (also known as COPPA 2.0), the first major internet bills meant to protect children to reach that milestone in two decades. A legislative vehicle that included both KOSA and COPPA 2.0 passed 91-3. Senate Majority Leader Chuck Schumer (D-NY) called it "a momentous day" in a speech ahead of the vote, saying that "the Senate keeps its promise to every parent who's lost a child because of the risks of social media." He called for the House to pass the bills "as soon as they can."

KOSA is a landmark piece of legislation that a persistent group of parent advocates played a key role in pushing forward -- meeting with lawmakers, showing up at hearings with tech CEOs, and bringing along photos of their children, who, in many cases, died by suicide after experiencing cyberbullying or other harms from social media. These parents say that a bill like KOSA could have saved their own children from suffering and hope it will do the same for other children. The bill works by creating a duty of care for online platforms that are used by minors, requiring they take "reasonable" measures in how they design their products to mitigate a list of harms, including online bullying, sexual exploitation, drug promotion, and eating disorders. It specifies that the bill doesn't prevent platforms from letting minors search for any specific content or providing resources to mitigate any of the listed harms, "including evidence-informed information and clinical resources."
The legislation faces significant opposition from digital rights, free speech, and LGBTQ+ advocates who fear it could lead to censorship and privacy issues. Critics argue that the duty of care may result in aggressive content filtering and mandatory age verification, potentially blocking important educational and lifesaving content.

The bill may also face legal challenges from tech platforms citing First Amendment violations.
Bitcoin

Edward Snowden Skeptical of Politicians at Bitcoin Conference - and Public Ledgers (msn.com) 45

Former U.S. president Donald Trump spoke at Nashville's Bitcoin Conference on Saturday.

But he wasn't the only one there making headlines, according to a local newspaper called the Tennesseean: Republican Sens. Cynthia Lummis and Tim Scott pledged their resolute support for the cryptocurrency industry at Nashville's Bitcoin2024 conference Friday — moments before whistleblower and political dissident Edward Snowden warned attendees to be wary of politicians trying to win them over. "Cast a vote, but don't join a cult," Snowden said. "They are not our tribe. They are not your personality. They have their own interests, their own values, their own things that they're chasing. Try to get what you need from them, but don't give yourself to them."

Snowden didn't call out any politicians specifically, but the conference has drawn national attention for its robust lineup of legislators including former President Donald Trump, independent presidential nominee Robert F. Kennedy Jr, former presidential candidate Vivek Ramaswamy and a number of other senators. "Does this feel normal to you?" Snowden said. "When you look at the candidates, when you look at the dynamics, even the people on stage giving all the speeches, I'm not saying they're terrible at all, but it's a little unusual. The fact that they're here is a little unusual...."

Two key tenets of Bitcoin are transparency and decentralization, which means anyone can view all Bitcoin transactions on a public ledger. Snowden said this kind of metadata could be dangerous in the wrong hands, especially with artificial intelligence innovations making it easier to collect. "It is fantasy to imagine they're not doing this," he said.... He added that other countries like China or Russia could be collecting this same data. Snowden said he's afraid the collection of transaction data could happen across financial institutions and ultimately be used against the customers.

Also speaking was RFK Jr — who asked why Snowden hadn't already been pardoned, along with Julian Assange and Ross Ulbricht, when Donald Trump was president (as Kennedy promised to do). According to USA Today, Kennedy promised more than just creating a strategic reserve of Bitcoin worth more than half a trillion dollars: Kennedy also pledged to sign an executive order directing the IRS to treat Bitcoin as an eligible asset for 1031 Exchange into real property — making transactions unreportable and by extension nontaxable — which prompted a roar of approval from the crowd.
Though Trump's appearance also ended with a promise to have the government create a "strategic national bitcoin stockpile," NBC News notes that Trump "stopped short of offering many details." Immediately following Trump's remarks, Senator Cynthia Lummis, R-Wyo., said she would introduce a bill to create the reserve. However, the price of bitcoin fell slightly in the wake of Trump's remarks Saturday, perhaps reflecting crypto traders' unmet expectations for a more definitive commitment on the reserve idea from the presidential candidate...

Shortly after his morning remarks, Bitcoin Magazine reported that a group of Democratic representatives and candidates had sent a letter to the Democratic National Committee urging party leaders to be more supportive of crypto...

On Saturday, the Financial Times reported [presidential candidate Kamala] Harris had approached top crypto companies seeking a "reset" of relations, citing unnamed sources.

Ironically, in the end one conference attendee ended up telling Bloomberg that "It doesn't really matter who the president is. I don't really care much about it, because Bitcoin will do its thing regardless."
Bitcoin

Trump Says He'd Oppose CBDCs, Pardon Ulbricht, and Create a 'Strategic National Bitcoin Stockpile' 234

Speaking at the Bitcoin Conference in Nashville, Republican presidential nominee Donald Trump made a number of cryptocurrency-related pledges:
  • Trump promised that if elected, he'd commute the sentence of Silk Road creator Ross Ulbricht to a sentence of time served. "It's enough."
  • Trump promised to change the top personnel at America's Securities and Exchange Commission. "On Day One, I will fire Gary Gensler and appoint a new SEC chairman," Trump told the crowd, drawing a long round of applause. ("I didn't know he was that unpopular," Trump joked — then repeated his promise to appoint "a new SEC chairman who believes America should build the future, not block the future, which is what they're doing.")
  • Trump also promised that "As president, I will immediately shut down Operation Chokepoint 2.0." (For context, Operation Chokepoint was an Obama-era program — ended during Trump's presidency — to scrutinize bank lending to "high-risk" merchants, mostly predatory "payday" lenders. Concerns were raised that bank regulators were pressuring banks to cut off certain businesses, and while there is no official "Choke Point 2.0," the phrase has been used colloquially to describe the possibility of bank regulators pressuring specific industries like cryptocurrency.)
  • Trump also announced he'd oppose a central bank digital currency — although his wording was a little idiosyncratic. "Next I will immediately order the Treasury Department and other federal agencies to cease and desist all steps necessary — because, you know, there's a thing going on in your industry. They want to move the creation of a central bank digital currency. It's over, forget it." [Audience boos CBDC's ] "CBDC — there will never be a CBDC while I'm president of the United States." (In fact a 2023 statement from America's Federal Reserve about CBDC's stresses that "no decisions have been made at this time" and that the Federal Reserve would only proceed with a CBDC after passage of an authorizing law.)
  • Trump also told the audience that "We will create a framework to enable the safe and responsible expansion of staple — stablecoins," then teased the crypto-friendly audience by asking playfully "Do you know what a stablecoin is? Does anybody know — please raise your hand." Trump promised the move would "allow us to extend the dominance of the U.S. dollar to new frontiers all around the world," and that "there will be billions and billions of people brought into the crypto economy and storing their savings in bitcoin."
  • Toward the end Trump said that if elected, he would direct the government not to sell any of its currently-held bitcoin, keeping it instead as the core of a "strategic national bitcoin stockpile."

    "As you know, most of the bitcoin currently held by the U.S. government was obtained through law enforcement action — you know that, they took it from you. 'Let's take that guy's life, let's take his family, his house, his bitcoin — we'll turn it into bitcoin.' It's been taken away from you because that's where we're going now. That's where this country is going. It's a facist regime."

In a speech which lasted for over an hour, the 78-year-old former president also criticized his political opponents, touching on topics like inflation, immigration, and his promise to "drill, baby, drill."

But Trump closed by thanking the 3,000 attendees, telling them to "have a good time with your bitcoin, and your crypto and everything else that you're playing with. And we're going to make that one of the greatest industries on earth."

United States

US President Biden Announces He Will Not Seek Reelection (x.com) 687

"It has been the greatest honor of my life to serve as your President," U.S. President Joe Biden announced today. "And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term."

In an announcement posted on X.com, Biden thanked the American people. ("Together, we overcame a once in a century pandemic and the worst economic crisis since the Great Depression.") The short statement also said he would "speak to the Nation later this week in more detail."

The Associated Press reports that "His wife, first lady Jill Biden, responded by reposting the president's letter announcing his decision and adding red heart emojis."

CNN reports that "most Biden campaign staff, including some senior staff, found out from the president's post on X."

In a subsequent X post, Biden endorsed Vice President Kamala Harris to be the Democratic party's nominee for president.
United States

US Officials Uncover Alleged Russian 'Bot Farm' (bbc.com) 211

An anonymous reader quotes a report from the BBC: US officials say they have taken action against an AI-powered information operation run from Russia, including nearly 1,000 accounts pretending to be Americans. The accounts on X were designed to spread pro-Russia stories but were automated "bots" -- not real people. In court documents made public Tuesday the US justice department said the operation was devised by a deputy editor at Kremlin-owned RT, formerly Russia Today. RT runs TV channels in English and several other languages, but appears much more popular on social media than on conventional airwaves.

The justice department seized two websites that were used to issue emails associated with the bot accounts, and ordered X to turn over information relating to 968 accounts that investigators say were bots. According to the court documents, artificial intelligence was used to create the accounts, which then spread pro-Russian story lines, particularly about the war in Ukraine. "Today's actions represent a first in disrupting a Russian-sponsored generative AI-enhanced social media bot farm," said FBI Director Christopher Wray. "Russia intended to use this bot farm to disseminate AI-generated foreign disinformation, scaling their work with the assistance of AI to undermine our partners in Ukraine and influence geopolitical narratives favorable to the Russian government," Mr Wray said in a statement. The accounts now appear to have been deleted by X, and screenshots shared by FBI investigators indicated that they had very few followers.

United Kingdom

Labour Party Set for Landslide Win in UK Election (nytimes.com) 283

Britain's Labour Party was projected on Thursday evening to win a landslide election victory, sweeping the Conservative Party out of power after 14 years, in a thundering anti-incumbent revolt that heralded a new era in British politics.

British Prime Minister Rishi Sunak accepted defeat Friday, and said he had called Keir Starmer, the Labour leader, to congratulate him.

The New York Times: Partial results, and an exit poll conducted for the BBC and two other broadcasters, indicated that Labour was on course to win around 405 of the 650 seats in the British House of Commons, versus 154 for the Conservatives. If the projections are confirmed, it would be the worst defeat for the Conservatives in the nearly 200-year history of the party, one that would raise questions about its future -- and even its very viability. Reform U.K., an insurgent, anti-immigration party, was projected to win 4 seats but a significant share of the vote, a robust performance that came at the expense of the Conservatives.

The exit poll, which accurately predicted the winner of the last five British general elections, confirmed the electorate was thoroughly fed up with the Conservatives after a turbulent era that spanned austerity, Brexit, the Covid pandemic, the serial scandals of Prime Minister Boris Johnson and the ill-fated tax-cutting proposals of his successor, Liz Truss. While a Labour victory had long been predicted -- it held a double-digit polling lead over the Conservatives for more than 18 months -- the magnitude of the Tory defeat will reverberate through Britain for months, if not years.
Further reading: Financial Times; BBC, and The Guardian.
Power

Bipartisan Consensus In Favor of Renewable Power Is Ending (arstechnica.com) 236

An anonymous reader quotes a report from Ars Technica: One of the most striking things about the explosion of renewable power that's happening in the U.S. is that much of it is going on in states governed by politicians who don't believe in the problem wind and solar are meant to address. Acceptance of the evidence for climate change tends to be lowest among Republicans, yet many of the states where renewable power has boomed -- wind in Wyoming and Iowa, solar in Texas -- are governed by Republicans. That's partly because, up until about 2020, there was a strong bipartisan consensus in favor of expanding wind and solar power, with support above 75 percent among both parties. Since then, however, support among Republicans has dropped dramatically, approaching 50 percent, according to polling data released this week. [...] One striking thing about the new polling data, gathered by the Pew Research Center, is how dramatically it skews with age. When given a choice between expanding fossil fuel production or expanding renewable power, Republicans under the age of 30 favored renewables by a 2-to-1 margin. Republicans over 30, in contrast, favored fossil fuels by margins that increased with age, topping out at a three-to-one margin in favor of fossil fuels among those in the 65-and-over age group. The decline in support occurred in those over 50 starting in 2020; support held steady among younger groups until 2024, when the 30-49 age group started moving in favor of fossil fuels.

Democrats, by contrast, break in favor of renewables by 75 points, with little difference across age groups and no indication of significant change over time. They're also twice as likely to think a solar farm will help the local economy than Republicans are. Similar differences were apparent when Pew asked about policies meant to encourage the sale of electric vehicles, with 83 percent of Republicans opposed to having half of cars sold be electric in 2032. By contrast, nearly two-thirds of Democrats favored this policy. There's also a rural/urban divide apparent (consistent with Republicans getting more support from rural voters). Forty percent of urban residents felt that a solar farm would improve the local economy; only 25 percent of rural residents agreed. Rural residents were also more likely to say solar farms made the landscape unattractive and take up too much space. (Suburban participants were consistently in between rural and urban participants.) What's behind these changes? The single biggest factor appears to be negative partisanship combined with the election of Joe Biden. Among Republicans, support for every single form of power started to change in 2020 -- fossil fuels, renewables, and nuclear. Among Democrats, that's largely untrue. Their high level of support for renewable power and aversion to fossil fuels remained largely unchanged. The lone exception is nuclear power, where support rose among both Democrats and Republicans (the Biden administration has adopted a number of pro-nuclear policies).

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