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WSJ Tech News Briefing

TNB Tech Minute: Justice Department Pulls Back on Crypto Enforcement

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 8 April 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, a Congressional Commission raises alarms over China’s biotech advances. And the tech-heavy Nasdaq gives up big gains after early optimism on tariffs faded. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your TNB Tech Minute for Tuesday, April 8th. I'm Victoria Craig for

0:35.9

the Wall Street Journal. The Justice Department under President Trump has done a 180 today on how it will enforce

0:41.9

some rules for cryptocurrencies. The DOJ will no longer bring cases against crypto exchanges,

0:48.1

dealers, or wallet providers for the actions of end users on those platforms.

0:53.5

In the past, prosecutors have charged digital currency companies whose services were used to launder money

0:59.0

or used by people in countries like Iran that are under U.S. sanctions.

1:03.0

In January, the president said he would support growth of the crypto industry,

1:07.0

which has for years clashed with regulators over investor protection and illicit finance rules.

1:13.1

Elsewhere, the U.S. risks falling behind China in the race to develop biotechnology.

1:18.1

That's according to a new report released today by a Congressional Commission on National Security and Emerging Biotech.

1:24.5

It recommends that Congress invest at least $15 billion to support

1:28.9

U.S. biotech research over the next five years and boosting support for American manufacturing.

1:35.0

It also says U.S. companies should be barred from working with Chinese biotech suppliers.

1:40.1

The country has long provided drug ingredients and generic medicines to the U.S.

1:46.9

and copied versions of Western developed drugs.

1:51.6

More recently, Western venture capital funds have been investing in Chinese biotech startups,

...

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