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French MP Sarah Knafo urges EU to adopt Bitcoin for financial autonomy and liberty

European Parliament Member from France, Sarah Knafo, has called on the EU to embrace Bitcoin by establishing national strategic reserves and rejecting the European Central Bank’s (ECB) proposal for a digital euro. In a video shared on her X account, Knafo advocated for European nations to develop their crypto-mining industries and cease increasing taxes on cryptocurrency holders. She highlighted Bitcoin as a means to secure freedom and protect citizens from the overreach of centralised financial systems.

Knafo, citing the example of El Salvador‘s adoption of cryptocurrency and the US plans for a Bitcoin reserve, criticised the EU for clinging to outdated financial systems that are prone to inflation and crises. She warned that the ECB’s digital euro could lead to an over-centralised system, where officials could control transactions and potentially exclude individuals from the banking system for expressing dissenting opinions.

Knafo also pointed to the growing global trend of nations considering Bitcoin reserves to safeguard their financial stability, with countries like Japan, Russia, and Brazil exploring similar initiatives. She argued that Bitcoin could serve as a more reliable financial system, offering long-term protection from economic mismanagement.

The call for a Bitcoin reserve reflects the increasing global recognition of decentralised finance as a potential solution to financial instability, with various countries looking to Bitcoin as a safeguard for national funds.

Trump meets crypto leader to plan Bitcoin reserve

President-elect Donald Trump met with Kris Marszalek, CEO of Crypto.com, on 16 December at Mar-a-Lago to discuss plans for a US Strategic Bitcoin Reserve. The meeting focused on developing a policy framework for the reserve, which aims to classify Bitcoin as a strategic asset within the Treasury’s Exchange Stabilisation Fund. The plan also includes rigorous audits and security protocols for government-held Bitcoin, consolidating assets within seven days and establishing a management programme within 60 days.

The Strategic Bitcoin Reserve is designed to bolster US economic security and global financial leadership in the digital asset space. The move aligns with Trump’s broader pro-crypto agenda, which includes appointing key industry advocates like Howard Lutnick as commerce secretary and Paul Atkins to lead the SEC. His administration’s crypto-friendly outlook is expected to enhance regulatory clarity and foster innovation.

The news coincided with Bitcoin reaching an all-time high of $108,268.45 on 17 December. This surge reflects growing confidence in the cryptocurrency’s role in the US financial landscape. Meanwhile, Ohio’s Derek Merrin has also proposed a state-backed Bitcoin reserve, signalling increasing governmental interest in Bitcoin as a hedge against economic uncertainties.

Around 19% of US voters have used or invested in crypto, poll shows

A recent Emerson College poll reveals that 19% of US voters have at some point invested in, traded, or used cryptocurrency. The poll, which surveyed 1,000 registered voters between 11 December and 13 December, also found that nearly 40% of crypto users had purchased with it. Crypto usage is notably higher among younger individuals, with nearly a third of voters under 40 using cryptocurrency, and men being twice as likely to use it as women.

The poll also highlighted the growing diversity of the crypto user base, with 33% of users identifying as Asian, Hispanic, or Black, compared to just 14% who were white. Additionally, 57% of crypto users expressed a favourable view of Donald Trump, reflecting the industry’s increasing political influence. This demographic is becoming a key constituency, as crypto advocacy groups continue to push for policies that favour digital currencies.

A separate survey by the Digital Chamber, a crypto advocacy group, indicated that roughly 26 million US voters prioritise pro-crypto policies when selecting political candidates. Over half of voters in another poll by Grayscale expressed a preference for pro-crypto candidates, with many suggesting that the US government could become the most crypto-friendly in history following the 2024 elections. This shift signals a growing alignment between crypto supporters and the political landscape, promising a more favourable regulatory environment for the industry.

New carbon removal tech targets paper mills and sewage

Major firms including Google, Stripe, and Shopify have pledged $80 million to support innovative carbon capture technologies, targeting emissions from paper mills and sewage plants in the US. This investment is part of the Frontier coalition’s strategy to develop cost-effective solutions for reducing atmospheric carbon.

Two start-ups, CO280 and CREW, will benefit from the funding. CO280 plans to deploy carbon capture technology adapted from the oil industry to trap emissions from paper mills. Meanwhile, CREW will enhance wastewater treatment processes with limestone to absorb carbon dioxide, leveraging rocks’ natural CO2-attracting properties.

The coalition’s aim is to drive down the cost of carbon removal to $100 per metric ton in the US, a significant reduction from current prices. Frontier’s head of deployment, Hannah Bebbington, highlighted the potential to integrate these technologies into older industries, paving the way for large-scale, affordable carbon removal in the near future.

Inclusive AI governance: Perspectives from the Global South

At the 2024 Internet Governance Forum (IGF) in Riyadh, the Data and AI Governance coalition convened a panel to explore the challenges and opportunities of AI governance from the perspective of the Global South. The discussion delved into AI’s impacts on human rights, democracy, and economic development, emphasising the need for inclusive and region-specific frameworks.

Towards inclusive frameworks

Ahmad Bhinder, representing the Digital Cooperation Organization, stressed the importance of regional AI strategies. He highlighted the development of a self-assessment tool for AI readiness, designed to guide member states in governance and capacity development.

Similarly, Melody Musoni, Policy Officer at ECDPM, pointed to the African Union’s continental strategy as a promising example of unified AI governance. Elise Racine’s (Doctoral candidate at the University of Oxford) proposal for reparative algorithmic impact assessments underscored the need to address historical inequities, providing a blueprint for more equitable AI systems.

Ethics, rights, and regional challenges

The ethical dimensions of AI took centre stage, with Bianca Kremer, a member of the board of CGI.br and a professor at FGV Law School Rio, highlighting algorithmic bias in Brazil, where ‘90.5% of those arrested through facial recognition technologies are black and brown.’ This stark statistic underscored the urgent need to mitigate AI-driven discrimination.

Guangyu Qiao Franco from Radboud University emphasised the underrepresentation of Global South nations in AI arms control discussions, advocating for an inclusive approach to global AI governance.

Labour, economy, and sustainability

The panel explored AI’s economic and environmental ramifications. Avantika Tewari, PhD candidate at the Center for Comparative Politics and Political Theory at Jawaharlal Nehru University in New Delhi, discussed the exploitation of digital labour in AI development, urging fair compensation for workers in the Global South.

Rachel Leach raised concerns about the environmental costs of AI technologies, including embodied carbon, and criticised the lack of sustainability measures in current AI development paradigms.

Regional and global collaboration

Speakers highlighted the necessity of cross-border cooperation. Sizwe Snail ka Mtuze and Rocco Saverino, PhD candidate at the Free University of Brussels, examined region-specific approaches in Africa and Latin America, stressing the importance of tailored frameworks.

Luca Belli’s (Professor at Vilo School, Director of the Center for Technology and Society) observations on Brazil revealed gaps between AI regulation and implementation, emphasising the need for pragmatic, context-sensitive policies.

Actionable pathways forward

The discussion concluded with several actionable recommendations: fostering inclusive AI governance frameworks, implementing reparative assessments, addressing environmental and labour impacts, and prioritising digital literacy and regional collaboration.

‘Inclusive governance is not just a moral imperative but a practical necessity,’ Bhinder remarked, encapsulating the panel’s call to action. The session underscored the critical need for global cooperation to ensure AI serves humanity equitably.

All transcripts from the Internet Governance Forum sessions can be found on dig.watch.

DR Congo sues Apple subsidiaries over alleged use of conflict minerals, challenges ethical sourcing claims

The Democratic Republic of Congo (DRC) has filed criminal complaints against Apple’s subsidiaries in France and Belgium, accusing the tech giant of indirectly benefiting from conflict minerals sourced from the region. The DRC, a major supplier of tin, tantalum, and tungsten — essential components in electronic devices — alleges that minerals smuggled through its conflict zones fuel violence and atrocities, including mass rapes and killings, often perpetrated by armed groups.

While Apple claims to audit suppliers and maintain a transparent supply chain, international lawyers representing the Congolese government argue the company relies on minerals pillaged from Congo. The legal filings accuse Apple of covering up war crimes, handling stolen goods, and misleading consumers about the integrity of its supply chain. The complaints also criticise the industry-funded ITSCI certification scheme, claiming it falsely legitimises minerals sourced from conflict zones.

Belgium’s historical role in the exploitation of Congo’s resources was highlighted by Congolese lawyers, who called on Belgium to support their legal efforts. Both France and Belgium are seen as jurisdictions that emphasise corporate accountability. Judicial authorities in these countries will decide whether to pursue criminal investigations against Apple and its subsidiaries.

This legal action reflects Congo’s broader struggle to end the illicit trade of its resources, which has contributed to decades of violence. Millions have died or been displaced due to conflicts linked to mineral exploitation, underscoring the urgent need for stricter enforcement of ethical supply chain practices.

US grants $406 million to boost GlobalWafers production

The US Commerce Department has finalised $406 million in grants to Taiwan’s GlobalWafers to boost silicon wafer production in Texas and Missouri. These funds will support the first large-scale US production of 300-mm wafers, critical components in advanced semiconductors. This initiative is part of the Biden administration’s effort to strengthen the domestic supply chain for chips.

The grant will aid GlobalWafers’ nearly $4 billion investment in building new manufacturing facilities, creating 1,700 construction jobs and 880 permanent manufacturing positions. The company plans to produce wafers for cutting-edge, mature-node, and memory chips in Sherman, Texas, and wafers for defence and aerospace chips in St. Peters, Missouri.

GlobalWafers’ CEO Doris Hsu expressed enthusiasm about collaborating with US-based customers for years to come. Currently, over 80% of the global 300-mm silicon wafer market is controlled by just five companies, with most production concentrated in East Asia.

This funding is part of the $52.7 billion CHIPS and Science Act, aimed at expanding domestic semiconductor manufacturing. Recent grants include $6.165 billion for Micron Technology and significant subsidies for Intel, TSMC, and GlobalFoundries.

TikTok appeals to Supreme Court to block looming US ban

TikTok and its parent company, ByteDance, have asked the Supreme Court to halt a US law that would force ByteDance to sell TikTok by 19 January or face a nationwide ban. The companies argue that the law violates the First Amendment, as it targets one of the most widely used social media platforms in the United States, which currently has 170 million American users. A group of TikTok users also submitted a similar request to prevent the shutdown.

The law, passed by Congress in April, reflects concerns over national security. The Justice Department claims TikTok poses a threat due to its access to vast user data and potential for content manipulation by a Chinese-owned company. A lower court in December upheld the law, rejecting TikTok’s argument that it infringes on free speech rights. TikTok maintains that users should be free to decide for themselves whether to use the app and that shutting it down for even a month could cause massive losses in users and advertisers.

With the ban set to take effect the day before President-elect Donald Trump’s inauguration, TikTok has urged the Supreme Court to decide by 6 January. Trump, who once supported banning TikTok, has since reversed his position and expressed willingness to reconsider. The case highlights rising trade tensions between the US and China and could set a precedent for other foreign-owned apps operating in America.

Meta enhances Ray-Ban smart glasses with AI video and translation

Meta Platforms has introduced significant upgrades to its Ray-Ban Meta smart glasses, adding AI video capabilities and real-time language translation. The updates, announced during Meta’s Connect conference in September, are now available through the v11 software rollout for Early Access Program members.

The new AI video feature lets the smart glasses process visuals and answer user queries in real-time. Additionally, the glasses can now translate speech between English and Spanish, French, or Italian, providing translations via open-ear speakers or as text on a connected phone.

Meta also integrated the Shazam music identification app into the glasses, enhancing their functionality for users in the US and Canada. Earlier AI upgrades, such as setting reminders and scanning QR codes via voice commands, continue to expand the glasses’ utility.

Kraken operator fined millions by Australian court

Bit Trade, the operator of Kraken in Australia, has been fined $8 million for offering an unapproved margin lending product to over 1,100 customers. The Federal Court of Australia ruled that the company breached financial regulations by failing to assess customer suitability and neglecting to provide a Target Market Determination (TMD), a document essential for ensuring products are appropriately matched to consumers’ needs.

The Australian Securities and Investments Commission (ASIC) revealed that customers lost $7.85 million due to the product, with one individual losing $6.3 million. Justice John Nicholas criticised Bit Trade’s actions as “serious” and profit-driven, calling out the company for its delayed response to compliance issues. In addition to the fine, Bit Trade was ordered to cover ASIC’s legal costs.

Kraken was disappointed with the ruling, arguing that Australia’s regulatory framework lacks clarity and calls for tailored cryptocurrency laws. However, ASIC Chair Joe Longo described the decision as a turning point for consumer protection, urging digital asset firms to meet compliance obligations. The regulator is currently consulting with the crypto industry on updates to its guidance, though critics claim the government’s inaction has left the sector in “regulatory limbo.”