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TikTok and parent company ByteDance have agreed to pay $400 million to resolve US Justice Department allegations that the platform violated children's online privacy protections and unlawfully collected personal information from minors.
The US Securities and Exchange Commission cancelled a scheduled vote on new cryptocurrency rules citing scheduling issues, amid stalled legislative efforts to establish clearer federal oversight of digital assets.
Paramount has put its US$111 billion acquisition of Warner Bros Discovery on hold following a legal challenge from 12 US states citing antitrust concerns. The deal will only proceed after court proceedings conclude or by June 2027.
Cryptocurrency exchange Coinbase has secured a settlement with the US Securities and Exchange Commission over a Freedom of Information Act dispute involving lost regulatory communications, with the SEC agreeing to pay $150,000 and overhaul record-keeping practices.
The US Justice Department has cleared federal employees to download TikTok on government devices, reversing a 2022 prohibition. The reversal follows ByteDance's January handover of US data and algorithmic control to a joint venture majority-owned by American investors.