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Hillicon Valley: FTC reportedly settles with Facebook for $5B fine | Trump calls to regulate Facebook's crypto project | Court rules Pentagon can award $10B 'war cloud' contract | Study shows automation will hit rural areas hardest | TheHill

thehill.com

TRUMP'S NO BITCOIN BRO: President Trump Donald John TrumpTrump boasts that Kim Jong Un 'was so happy to see me' Romney defends Paul Ryan: 'The fault for our 2012 loss is mine alone' Trump declares emergency over Tropical Storm Barry MORE denounced various cryptocurrencies, including Facebook's newly announced Libra, on Thursday as lawmakers and regulators express deep concern about the social media giant's financial services ambitions. The Swiss nonprofit set up to control Libra is not a chartered bank, but Trump insisted that Facebook must seek a formal federal approval to become one if it seeks to enter the financial services industry.

RETURN OF THE JEDI: A federal judge ruled on Friday that the Department of Defense (DOD) can move forward with its plan to award a $10 billion "war cloud" contract later this summer, which will be likely given to either Amazon or Microsoft, knocking down a legal challenge by cloud-computing competitor Oracle. sent a letter to President Trump's national security adviser, John Bolton John Robert BoltonRubio asks White House to delay B Pentagon contract over Amazon concerns   There's a new goal for US-Iran policy Trump's foreign policy magic act MORE, on Thursday asking the White House to delay awarding a $10 billion Pentagon cloud computing contract over concerns the procurement process has been unfair and potentially biased toward Amazon.

Read in Full: thehill.com

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