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Rubio launches diplomatic pushback against EU Digital Services Act
The US Secretary of State Marco Rubio has instructed diplomats across Europe to lobby against the European Union’s Digital Services Act (DSA), arguing it restricts freedom of speech and unfairly targets American tech companies.

According to a diplomatic cable seen by Reuters, Rubio signed off on a directive dated 4 August ordering US embassies to engage European officials and push for changes to the landmark legislation.

Rubio wants a campaign to amend or repeal the law

The DSA came into force earlier this year as part of the EU’s efforts to regulate digital platforms. It requires large tech firms to do more to tackle illegal online content, including hate speech, misinformation and child abuse material.

But Washington views the rules as overreaching. The cable, described as an ā€œaction requestā€, says the DSA imposes ā€œundueā€ restrictions on expression and burdens US firms with excessive compliance costs.

Diplomats were told to lobby for ā€œrepeal and/or amendmentā€ of the DSA or related laws across the EU’s 27 member states.

ā€œPosts should focus efforts to build host government and other stakeholder support,ā€ the directive said, adding that suggested talking points would be provided.

It also urged envoys to track incidents of what it called ā€œcensorshipā€, defined as any state or corporate action to suppress protected expression. Examples listed included arrests, court cases and online suspensions involving US citizens or firms.

The US State Department declined to comment. The office of EU tech commissioner Henna Virkkunen did not immediately respond to a request for comment.

A key concern for Washington is the DSA’s broad definition of ā€œillegal contentā€. The US wants that definition narrowed to protect political and religious speech.

Officials are also calling for the EU to scale back fines for non-compliance and reconsider its use of ā€œtrusted flaggersā€, groups empowered to report problematic content directly to platforms.

They also suggest rolling back the Code of Practice on Disinformation, a framework set up under the DSA that the US says enables overly restrictive content moderation.

In March, the head of the US Federal Communications Commission said the DSA clashed with America’s First Amendment traditions.

Vice President JD Vance has previously accused the EU of suppressing speech by right-wing parties, including Germany’s AfD, remarks that drew sharp criticism from European leaders.

American tech firms back Washington’s stance

Major US platforms have also voiced concern. Meta, which owns Facebook and Instagram, has warned the rules risk turning into censorship. Elon Musk, owner of X (formerly Twitter), has also pushed back on EU content moderation policies.

Other US tech giants, including Google-owner Alphabet, and Amazon, have remained relatively quiet but are widely seen as affected by the DSA’s strict requirements.

President Trump has made online free speech a central issue, accusing the previous Biden administration of encouraging censorship. In a high-profile ruling last year, the US Supreme Court found the Biden White House had not violated free speech protections when urging platforms to limit misinformation on vaccines and elections.

Now, under Trump’s leadership, Rubio has taken a harder line. In May, he floated visa bans for foreign officials who ā€œcensorā€ Americans online and hinted that regulators targeting US companies could face consequences.

Despite US objections, the EU maintains that the DSA is not aimed at American firms.

ā€œThis legislation will not be changed. The DMA and the DSA are not on the table in the trade negotiations with the US,ā€ Commission spokesperson Thomas Regnier said earlier this year.

European officials insist the rules are necessary to ensure safety and transparency in the digital space, and to hold tech platforms accountable.

Whether Washington’s diplomatic pressure will sway EU capitals remains unclear. But the move marks a rare and public transatlantic clash over how to govern the online world, one that could shape global tech regulation for years to come.

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Eric Carson
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Upbit 24-hour trading volume ranking: XRP, DOGE, XTZ, ETH, ETC ranked in the top five According to CoinGecko data, in the past 24 hours, the trading volume of Upbit, the largest trading platform in South Korea, reached 3.2 billion US dollars, among which the XRP/KRW trading pair ranked first in the Korean won trading market with a trading volume share of 15.15%. The other top five are: DOGE, XTZ, ETH, and ETC. #BTCPrediction #doge⚔ #ETH #ETC $BTC $XRP $ETH
Upbit 24-hour trading volume ranking: XRP, DOGE, XTZ, ETH, ETC ranked in the top five

According to CoinGecko data, in the past 24 hours, the trading volume of Upbit, the largest trading platform in South Korea, reached 3.2 billion US dollars, among which the XRP/KRW trading pair ranked first in the Korean won trading market with a trading volume share of 15.15%. The other top five are: DOGE, XTZ, ETH, and ETC.

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Huma Finance appears to be a financial platform or service. It might offer: - *Lending or borrowing services* - *Decentralized finance (DeFi) solutions* - *Financial management tools* For more information, please provide additional context or check Huma Finance's official website or social media channels. #HumaFinance @humafinance
Huma Finance appears to be a financial platform or service. It might offer:
- *Lending or borrowing services*
- *Decentralized finance (DeFi) solutions*
- *Financial management tools*

For more information, please provide additional context or check Huma Finance's official website or social media channels.

#HumaFinance @Huma Finance 🟣
SoftStaking seems to be a term or hashtag. Is it related to: - *Staking in crypto*? - *Soft skills*? - *Staking in gaming*? Please provide more context for a precise answer! #SoftStaking
SoftStaking seems to be a term or hashtag. Is it related to:
- *Staking in crypto*?
- *Soft skills*?
- *Staking in gaming*?

Please provide more context for a precise answer!

#SoftStaking
#softsatking SoftSatKing appears to be a username or handle, possibly related to satellite technology or a personal brand. Without more context, it's challenging to provide a detailed response. If you're looking for information on satellite technology or a specific topic related to SoftSatKing, please provide more details, and I'll do my best to assist you. If SoftSatKing is a person or entity, you might want to check their official website, social media, or relevant platforms for more information. Let me know how I can help further!
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SoftSatKing appears to be a username or handle, possibly related to satellite technology or a personal brand. Without more context, it's challenging to provide a detailed response. If you're looking for information on satellite technology or a specific topic related to SoftSatKing, please provide more details, and I'll do my best to assist you. If SoftSatKing is a person or entity, you might want to check their official website, social media, or relevant platforms for more information. Let me know how I can help further!
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SEC Commissioner Hester Peirce said in-kind redemptions for crypto ETFs are ā€œcertainly on the horizon,ā€ responding to months of industry requests led by firms like BlackRock. While she didn’t confirm a timeline, she acknowledged growing interest and noted that related filings are under review.
SEC Commissioner Hester Peirce said in-kind redemptions for crypto ETFs are ā€œcertainly on the horizon,ā€ responding to months of industry requests led by firms like BlackRock.

While she didn’t confirm a timeline, she acknowledged growing interest and noted that related filings are under review.
Hong Kong Monetary Authority Chief: First Batch of Stablecoins Will Focus on Cross-Border Trade and Web3 Applications According to a report by Phoenix News, the Hong Kong SAR Government published a notice in the Gazette on June 6th, announcing that the "Stablecoin Regulations" will officially come into effect on August 1st, marking the world's first comprehensive regulatory framework for fiat-backed stablecoins.
Hong Kong Monetary Authority Chief: First Batch of Stablecoins Will Focus on Cross-Border Trade and Web3 Applications

According to a report by Phoenix News, the Hong Kong SAR Government published a notice in the Gazette on June 6th, announcing that the "Stablecoin Regulations" will officially come into effect on August 1st, marking the world's first comprehensive regulatory framework for fiat-backed stablecoins.
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šŸ’ø The market shows that BTC has broken through 102,000 USD, and now it is reported at 102000.01 USD, with a 24-hour increase of 2.46%
šŸ’ø The market shows that BTC has broken through 102,000 USD, and now it is reported at 102000.01 USD, with a 24-hour increase of 2.46%
Kakao Pay has launched a Korean won stablecoin project and filed 18 related trademarks, including ā€œKRWKPā€ and ā€œKWRP,ā€ with the Korean Patent Office. The move comes as South Korea promotes the ā€œBasic Law on Digital Assets,ā€ which would legalize private issuance of KRW stablecoins. Game company Nexusth also aims to be the first KRW stablecoin issuer.
Kakao Pay has launched a Korean won stablecoin project and filed 18 related trademarks, including ā€œKRWKPā€ and ā€œKWRP,ā€ with the Korean Patent Office.

The move comes as South Korea promotes the ā€œBasic Law on Digital Assets,ā€ which would legalize private issuance of KRW stablecoins. Game company Nexusth also aims to be the first KRW stablecoin issuer.
OKX is weighing a U.S. IPO after reentering the American market in April, following a $505m settlement with the Department of Justice.
OKX is weighing a U.S. IPO after reentering the American market in April, following a $505m settlement with the Department of Justice.
Tesla Robotaxi Service Begins Texas Trial Operation, Marking a Key Step Towards Autonomous Driving Commercialization According to Reuters, the public beta testing of Tesla's Robotaxi started yesterday in the South Congress Avenue area of Austin, Texas, USA. Initially, 10 Model Y vehicles were deployed, with the driver's seat empty but equipped with a remote safety operator in the background. Although the safety operator does not have traditional driving controls, they can intervene in the vehicle when necessary through devices such as an emergency stop button. Additionally, the vehicles are equipped with biometric sensors inside to monitor passengers' sudden health issues in real-time and automatically alert authorities. This beta testing is limited to invited users in a strictly defined service area, with a flat rate of $4.2 per ride.
Tesla Robotaxi Service Begins Texas Trial Operation, Marking a Key Step Towards Autonomous Driving Commercialization

According to Reuters, the public beta testing of Tesla's Robotaxi started yesterday in the South Congress Avenue area of Austin, Texas, USA. Initially, 10 Model Y vehicles were deployed, with the driver's seat empty but equipped with a remote safety operator in the background. Although the safety operator does not have traditional driving controls, they can intervene in the vehicle when necessary through devices such as an emergency stop button. Additionally, the vehicles are equipped with biometric sensors inside to monitor passengers' sudden health issues in real-time and automatically alert authorities. This beta testing is limited to invited users in a strictly defined service area, with a flat rate of $4.2 per ride.
Kakao, a South Korean payment service provider, announced the official launch of the "Korean won stablecoin" business Kakao Pay said that although "the specific plan has not been determined yet", this is "pre-registration of trademark rights for stablecoin business". Industry insiders believe that Kakao Pay's move is to seize the market, especially against the background of the proposed Basic Law on Digital Assets by South Korean politics, which will allow private enterprises to issue won stablecoins.
Kakao, a South Korean payment service provider, announced the official launch of the "Korean won stablecoin" business

Kakao Pay said that although "the specific plan has not been determined yet", this is "pre-registration of trademark rights for stablecoin business". Industry insiders believe that Kakao Pay's move is to seize the market, especially against the background of the proposed Basic Law on Digital Assets by South Korean politics, which will allow private enterprises to issue won stablecoins.
Brd IBIT held 683,017.53 bitcoins, exceeding the total supply of bitcoin by 3%. Its market value exceeds 71.19 billion US dollars šŸ¤‘
Brd IBIT held 683,017.53 bitcoins, exceeding the total supply of bitcoin by 3%. Its market value exceeds 71.19 billion US dollars šŸ¤‘
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