The FinTech Hub
Source: The Verge A federal judge temporarily blocked Elon Musk’s DOGE from accessing Treasury Department records containing personal information like Social Security numbers early this morning, reports Inner City Press. The order is in response to a lawsuit filed yesterday in New York’s Southern District Court. The suit alleges that the administration exceeded its authority,…
Source: The Verge Marko Elez, the 25-year-old staffer Department of Government Efficiency staffer linked to a social media profile with racist posts, “will be brought back,” shortly after he resigned, Elon Musk announced on X. Elez resigned from his role where he reportedly had the ability to rewrite code in sensitive payments systems at the…
Source: The Verge Within the past week, Elon Musk and his Department of Government Efficiency (DOGE)-affiliated staffers have gained unprecedented access to sensitive US financial systems with data on millions of Americans, claimed to shut down one federal agency without an act of Congress, and invaded numerous government agencies. They’ve been opposed by lawsuits, public…
Source: The Verge President Donald Trump has paused the removal of the de minimis exemption on goods from China, temporarily putting an end to the confusion and high fees that have plagued both customers and businesses over the past few days. The de minimus exemption allows packages valued at less than $800 to enter the…
Source: The Verge If you live in the US, congratulations — you are now a foot soldier in what has been called “the dumbest trade war in history.” And if you live in one of the top three countries that trade most with the US (Canada, Mexico, and China), apologies: you are part of this…
Source: The Verge A federal judge in Massachusetts temporarily blocked the Trump administration’s “deferred resignation” program, meant to push out career government workers as part of the Elon Musk-run Department of Government Efficiency’s alleged effort to cut federal spending, several outlets report. The program gave employees a deadline just before midnight on Thursday to accept…
Source: The Verge Lawmakers’ efforts to limit the use of social media by kids are continuing into 2025 with the Kids Off Social Media Act (KOSMA). The bill, which would prevent kids under 13 from creating social media accounts, advanced through the Senate Commerce Committee on Wednesday, as reported earlier by Politico. Senators Brian Schatz…
Source: The Verge Elon Musk’s Department of Government Efficiency (DOGE) has reportedly infiltrated the headquarters of the National Oceanic and Atmospheric Administration (NOAA), the agency that collects and shares vital weather and climate information. Sources have told The Verge, as well as other news outlets, that they’re worried about drastic changes that could impact the…
Source: The Verge In the two days since President Trump enacted new tariffs on goods from China, none of the major US shipping companies and couriers have yet announced detailed policies on new fees, though some have warned of possible delays and disruption. Despite that, both senders and recipients are already reporting being asked to…
Source: The Verge On today’s episode of Decoder, we’re discussing a very big problem with extremely far-reaching consequences: how dysfunctional has the federal government in the United States become, and how much of it has been handed to Elon Musk? If you’ve even glanced at the news over the past week, you’ve likely come across…
