Twitter says it will allow more political ads as it tries to claw back revenue

Twitter had banned political advertising, but it’s going to “expand” what’s allowed. | Illustration by Alex Castro / The Verge Twitter is going to “expand” the political advertising it allows on the platform in “the coming weeks,” the Twitter Safety account tweeted on Tuesday. Twitter banned all political advertising in late 2019, but the company … Read more

The Fed, FDIC, and currency comptroller are warning banks about messing with crypto

Illustration by Alex Castro / The Verge Three federal financial agencies put out a joint statement on Tuesday warning banks about the “key risks for banks associated with crypto-assets and the crypto-asset sector.” The statement explains that while banks aren’t wholesale banned or discouraged from providing services to crypto firms, the Federal Reserve, Federal Deposit … Read more

President Biden nominates Gigi Sohn for FCC — again

Photo by Pete Marovich-Pool / Getty Images President Joe Biden renominated Gigi Sohn Tuesday to serve on the Federal Communications Commission, once again throwing his support behind the embattled pick whose confirmation has stalled for more than a year. Sohn, a public interest advocate and former FCC counselor, was first nominated to the post in … Read more