The US Supreme Court on Friday appeared inclined to uphold a law requiring a sale or ban of TikTok in the United States by January 19, citing national security risks tied to its Chinese parent company, ByteDance. Justices questioned TikTok’s potential role in enabling the Chinese government to collect data on its 170 million American users and influence public opinion covertly. Chief Justice John Roberts and others expressed concerns about China’s potential to exploit the platform, while also probing implications for free speech protections under the First Amendment.
The law, passed with bipartisan support and signed by outgoing President Joe Biden, has been challenged by TikTok, ByteDance, and app users who argue it infringes on free speech. TikTok’s lawyer, Noel Francisco, warned that without a resolution or extension by President-elect Donald Trump, the platform would likely shut down on January 19. Francisco emphasised TikTok’s role as a key platform for expression and called for at least a temporary halt to the law.
Liberal and conservative justices alike acknowledged the tension between national security and constitutional rights. Justice Elena Kagan raised historical parallels to Cold War-era restrictions, while Justice Brett Kavanaugh highlighted the long-term risks of data collection. Solicitor General Elizabeth Prelogar, representing the Biden administration, argued that TikTok’s foreign ownership poses a grave threat, enabling covert manipulation and espionage. She defended Congress’s right to act in the interest of national security.
With global trade tensions and fears of digital surveillance mounting, the Supreme Court’s decision will have wide-ranging implications for technology, free speech, and US-China relations. The court is now considering whether to grant a temporary stay, providing Trump’s incoming administration an opportunity to address the issue politically.
The Japanese government is considering publicly disclosing the names of developers behind malicious artificial intelligence systems as part of efforts to combat disinformation and cyberattacks. The move, aimed at ensuring accountability, follows a government panel’s recommendation that stricter legal frameworks are necessary to prevent AI misuse.
The proposed bill, expected to be submitted to parliament soon, will focus on gathering information on harmful AI activities and encouraging developers to cooperate with government investigations. However, it will stop short of imposing penalties on offenders, amid concerns that harsh measures might discourage AI innovation.
Japan’s government may also share its findings with the public if harmful AI systems cause significant damage, such as preventing access to vital public services. While the bill aims to balance innovation with public safety, questions remain about how the government will decide what constitutes a “malicious” AI system and the potential impact on freedom of expression.
Indian cryptocurrency exchange Mudrex has temporarily suspended crypto withdrawals, prompting a backlash from its users. The move, announced on 11 January is set to last until 28 January as the platform undergoes a compliance framework upgrade. According to co-founder and CEO Edul Patel, the suspension is necessary to prevent misuse by bad actors, with Patel emphasising the importance of a secure infrastructure in the crypto space.
Mudrex, one of the few Indian exchanges to allow crypto withdrawals, has faced criticism from the community. Trader Vivan Live urged users to withdraw their funds immediately, suggesting the platform’s motives were dubious. Another user, Aakash Athawasya, claimed that Mudrex never truly offered crypto withdrawals, accusing the platform of offering “price exposure” instead of ownership. Despite the criticism, Mudrex reported a significant surge in its user base and trading volume in recent months.
Meanwhile, India’s regulatory environment continues to impact exchanges, with Bybit announcing a temporary suspension of its services in the country due to evolving regulations. On a more positive note, CoinDCX, another Indian exchange, has launched crypto withdrawals, allowing users to withdraw crypto in exchange for disabling Indian rupee deposits.
US antitrust regulators provided legal insights on Elon Musk’s lawsuit against OpenAI and Microsoft, alleging anticompetitive practices. While not taking a formal stance, the Federal Trade Commission (FTC) and Department of Justice (DOJ) highlighted key legal doctrines supporting Musk’s claims ahead of a court hearing in Oakland, California. Musk, a co-founder of OpenAI and now leading AI startup xAI, accuses OpenAI of enforcing restrictive agreements and sharing board members with Microsoft to stifle competition.
The lawsuit also claims OpenAI orchestrated an investor boycott against rivals. Regulators noted such boycotts are legally actionable, even if the alleged organiser isn’t directly involved. OpenAI has denied these allegations, labelling them baseless harassment. Meanwhile, the FTC is conducting a broader probe into AI partnerships, including those between Microsoft and OpenAI, to assess potential antitrust violations.
Microsoft declined to comment on the case, while OpenAI pointed to prior court filings refuting Musk’s claims. However, the FTC and DOJ stressed that even former board members, like Reid Hoffman, could retain sensitive competitive information, reinforcing Musk’s concerns about anticompetitive practices.
Musk’s legal team sees the regulators’ involvement as validation of the seriousness of the case, underscoring the heightened scrutiny around AI collaborations and their impact on competition.
Taiwan is optimistic about the limited impact of US President-elect Donald Trump’s proposed tariffs on semiconductor exports, citing the nation’s technological edge in the global chip industry. On Friday, economy Minister Kuo Jyh-huei emphasised that Taiwan’s advanced semiconductor processes, led by industry giant TSMC, maintain an irreplaceable position in the supply chain for major companies like Apple and Nvidia.
Despite Trump’s pledges for sweeping tariffs—10% on global imports and up to 60% on Chinese goods—Taiwanese policymakers acknowledged potential challenges for the island’s export-driven economy. However, Kuo reassured that the chip sector’s resilience lies in its technological leadership, which mitigates the risk of significant disruption.
To adapt to the shifting trade landscape, Taiwan plans to help companies relocate parts of their supply chains to the United States if necessary. The island also aims to deepen cooperation in industries like aerospace and advanced technology by fostering ties with US and Japanese firms. This includes establishing a dedicated office in Japan to bolster collaboration on AI and drone development, Kuo said.
Taiwan’s proactive approach reflects its strategic positioning in global trade and its commitment to maintaining robust economic ties amid evolving US policies.
Despite circulating rumours, the US government has made no moves to sell its massive Bitcoin holdings seized from the Silk Road and other cases. Blockchain intelligence firm Arkham verified that approximately $6.44 billion in Bitcoin remains under government control, dispelling reports of a Department of Justice-sanctioned liquidation.
The speculation followed claims that 69,370 BTC had been cleared for sale by federal authorities, reportedly backed by a late December court ruling. However, with President Trump’s inauguration nearing, the administration’s approach to these assets remains unclear. Trump has proposed a national Bitcoin reserve, a plan supported by Senator Cynthia Lummis and tabled in Congress.
Crypto advocates are urging Trump to prioritise Bitcoin in his early days in office, with states like Texas and Ohio already considering legislation to advance BTC adoption. As Biden’s administration enters its final days, whether the US will act on its Bitcoin stockpile remains uncertain.
Authorities in Thailand have confiscated 996 Bitcoin mining rigs in Chon Buri province, accusing operators of illegally tapping into the power grid. The raid, conducted on 8 January in the Phanat Nikhom district, targeted JIT Co., a digital asset trading firm that allegedly tampered with power meters to avoid electricity charges. Losses to local providers are estimated in the hundreds of millions of baht.
Despite solar panels being present on the site, investigators revealed they were not connected to the equipment, which relies on immense computing power to mine Bitcoin. Thai officials highlighted the heavy energy demands of mining, which can cost hundreds of thousands of baht per Bitcoin, compared to the typical household electricity bill of 750 baht.
The case underscores the growing global challenge of managing crypto mining’s resource demands. Thai regulators reiterated the need to safeguard public utilities as they continue investigating the scheme and identifying additional parties involved.
Meta has announced that Instagram and Threads users will no longer be able to opt out of seeing political content from accounts they don’t follow. The change, part of a broader push toward promoting “free expression,” will take effect in the US this week and expand globally soon after. Users will be able to adjust how much political content they see but won’t be able to block it entirely.
Adam Mosseri, head of Instagram and Threads, had previously expressed reluctance to feature political posts, favouring community-focused content like sports and fashion. However, he now claims that users have asked to see more political material. Critics, including social media experts, argue the shift is driven by changing political dynamics in the US, particularly with Donald Trump’s imminent return to the White House.
While some users have welcomed Meta’s stance on free speech, many worry it could amplify misinformation and hate speech. Experts also caution that marginalised groups may face increased harm due to fewer content moderation measures. The changes could also push discontented users toward rival platforms like Bluesky, raising questions about Meta’s long-term strategy.
Bitcoin’s price took a sharp tumble below $95,000 on 8 January, reversing gains from earlier in the week when it briefly surpassed $100,000. The sell-off was largely driven by short-term holders (STHs), who moved over 26,000 BTC worth more than $2.4 billion to exchanges, often at a loss.
According to analysis from Alphractal, STHs have shown a growing tendency to liquidate their holdings rather than accumulate, a trend evident since early December. This shift has weakened demand and amplified Bitcoin’s price volatility in recent weeks.
The data highlights how short-term investor behaviour continues to play a pivotal role in shaping Bitcoin’s market trends, as their decisions ripple across the broader cryptocurrency landscape.
Google and Microsoft have each pledged $1 million to support Donald Trump’s upcoming presidential inauguration, joining other tech giants such as Meta, Amazon, and Apple’s Tim Cook in contributing significant sums. The donations appear to be part of broader strategies by these companies to maintain access to political leadership in a rapidly changing regulatory environment.
Google, which has faced threats from Trump regarding potential break-ups, aims to secure goodwill through financial contributions and online visibility, including a YouTube livestream of the inauguration. Microsoft has also maintained steady political donations, previously giving $500,000 to Trump’s first inauguration as well as to President Joe Biden’s ceremony.
This alignment with Trump marks a notable trend of tech companies seeking to protect their interests, particularly as issues like antitrust regulations and data privacy laws remain in political crosshairs. With both tech giants navigating a landscape of increased government scrutiny, their contributions indicate a cautious approach to preserving influence at the highest levels of power.
These donations reflect a pragmatic move by Silicon Valley, where cultivating political ties is seen as a way to safeguard business operations amid shifting political dynamics.
