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Asia Business Report

more from new york now. in more from new york now. in these latest charges, the sec said coin base acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded company are disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time. _ no response from the sec. since that time. we — no response from the sec. since that time, we have _ no response from the sec. since that time, we have had - no response from the sec. since that time, we have had over- no response from the sec. since that time, we have had over 30| that time, we have had over 30 engagements with the sec to try

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World Business Report

that the sec had notified it that the sec had notified it that these charges may be coming. in response, coyne bay said that the rules were not clear. testifying on capitol hill on tuesday, the chief legal officer said it tried to get new rules in place for crypto platforms like there's but got no response from the sec. since that time we have had over 30 engagements with the sec to try and work towards a sensible framework for regulation that would allow registration of platforms is either a broker—dealer or a national security exchange. we received no response after our presentation as part of those discussions. on one hand, coinbase basically says we want to abide by your rules but the ones is written do not work for these new financial instruments like crypto currency. on the other hand, the regulator says that rules are rules and you are running afoul of them. it

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Asia Business Report

more now from new york with samira hussain. in these latest charges, the sec said coinbase acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded companyit disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time, we have had over 30 engagements with the sec to try to work towards a sensible framework for regulation that

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Fox News Live

restrictions to make sure our teenagers get a better experience. >> what about those with mental health issues? they have a contact? >> fa user searches words that mental health issues we redirect them to safety page. >> tiktok ceo testifying on capitol hill this week facing tough questions from democrats and republican lawmakers banning the ties own app. concerns are growing over misinformation, the apps algorithm may be feeding to kids and what impact that has on their mental health. >> i get on maybe twice but i cannot count how many hours or minutes i spent on that app just in this two times alone. i was a very addictive. it's hard to get off. >> (fox news medical contributor dr. marc siegel. dr. siegel good to see you. thanks to baker's backed up i want to give folks thesis is sick we got from the national institutes of health. the national institute of mental

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CNN This Morning

face of any additional iranian attacks. testifying on capitol hill thursday, carrillo said that iranian proxies have carried out attacks on us forces in the middle east 78 times since the beginning of 2021. so what iran does to hide its hand as they use iranian proxies. that's that's either waves or rockets to be able to attack our forces in either iraq or syria. are these considered acts of war? by iran. they are being done by the iranian proxies is what i would tell you. congressman biden administration is carried out multiple airstrikes against militias affiliated with iran following previous attacks on u. s facilities in the region. biden's first known military action was a strike in february, 2021 after rocket attacks on us troops in iraq. now adding to this concern is yet another thing that parrilla, the commander of us central command, told congress last week, which is that today, iran possesses the largest and most diverse missile arsenal in the middle east with thousands of ballistic

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CNN This Morning

they're saying project texas is not going to be enough to allay our concerns. they support the white house and saying that if tiktok owners do not sell their stake that the app should be banned now what project texas is it's named after the state were oracle, a u. s software company is based. tiktok is working with oracle to secure you as data to make sure that it's stored on service here and also giving oracle oversight into its algorithms and content moderation to ensure that there's no sort of meddling in what people in america see, but it became very obvious to me and others done that. that is not going to be enough to allay the concerns of lawmakers on capitol hill, but play this out for us. it's easy to have a headline. you know, saying we should ban you etcetera, but play it out. the courts would likely decide this. not the influencers, not the politicians as you write in your great piece this morning and by the way, if they try to force the sale, china can block it. correct so let's play this out, poppy, let's say congress passes something to empower the

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CNN This Morning

veterans with mesothelioma. call for a free book 1 808 220400 or go to meso book .com. listen up here, utah cracking down on how kids use can use social media. the governor has signed laws that ban anyone under the age of 18 from using social media unless their parents give them permission. now the laws also require that parents have access to their children's posts, messages and responses and they imposed a curfew on minors. accounts from 10 30. pm 26 30 am interesting, so supporters say that the measures will protect children from dangerous and addictive content. social media companies are expected to file legal challenges, of course. and of course, this comes as lawmakers ripped into tiktok ceo yesterday on capitol hill. the hearing focused on national security fears, but concerns about the apps impact on kids

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CNN This Morning

white house to block or to ban tiktok will likely tiktok is going to countersue and it's going to go to a court and we saw that play out by the way two years ago when the trump administration tried to ban tiktok through an executive order, the courts blocked it. another scenario would be, let's say that it gets banned here in the united states and that instead tiktok says, you know what we want to avert that. let's try to sell to a us company. china has already indicated that they don't want to allow tiktok to sell. why because they have passed their own laws that would protect their tech from being exported. so bike dances caught between a rock and a hard spot. you know, they want to sell us that they could stay in the us, but at the same time there, you know tiktok's chinese connection is going to make it very hard for them to sell. if i had to guess how this plays out, poppy, i think we're just going to be in limbo for a long, long time. but one thing i'm watching asked folks on capitol hill, would you be comfortable with tiktok going on the us market that way? it's not having to look for a big sale partner. when it's worth

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CNN This Morning

problem poppy is that this is a bipartisan onslaught against him . typically when we had these big tech hearings, you have republicans saying censorship. you have democrats talking about misinformation, but this time he couldn't win. he couldn't carry favor with either side and the biggest concern that lawmakers had was that tiktok poses a national security threat because the data from us users could be potentially accessed by the chinese government due to their laws there, he tried to push back by saying that we've been working with the government with the committee on foreign us invest moment to try to make sure that's not going to happen. but the problem is no one believed him. and so you witnessed yesterday was a complete trust fall. tiktok has , though. um sarah been taking some action at least trying to protect user data they say like that this project texas that's here in the united states. similarly project clover in the eu. do you think lawmakers are buying that or no no, no, no, no. don was talking to a lot of sources on capitol hill, and

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CNN This Morning

thursday after us intelligence assessed that an iranian origin road killed an american contractor and wounded five u. s service members and another u. s contractor, biden authorized the straight quote against facilities used by groups affiliated with iran's islamic revolutionary guard, corps secretary of defense lloyd austin said in a statement. the department of defense said quote took proportionate and deliberate action intended to limit the risk of escalation and minimize casualties. the us military maintains approximately 900 u. s. troops in syria, some of which are there as part of a coalition to defeat isis. but those forces are often under attack by iranian proxies, vast and deeply resourced. proxy forces, spread instability throughout the region and threaten our regional partners, the commander of us central command said in a statement. following the story, quote, we're postured for scale options in the face of any additional iranian attacks. testifying on capitol hill thursday, carella said that iranian proxies have carried out attacks on us forces

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