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The post What Is Jawboning? Jimmy Kimmel Suspension Sparks Legal Concerns About Trump Administration appeared on BitcoinEthereumNews.com. Topline Legal experts have raised concerns that ABC’s decision to pull “Jimmy Kimmel Live” from its airwaves following the host’s controversial comments about the death of Charlie Kirk, could be because the Trump administration violated free speech protections through a practice known as “jawboning.” Jimmy Kimmel speaks at Disney’s Advertising Upfront on May 13 in New York City. Disney via Getty Images Key Facts Disney-owned ABC announced Wednesday Kimmel’s show will be taken off the air “indefinitely,” which came after ABC affiliate owner Nexstar—which needs Federal Communications Commission approval to complete a planned acquisition of competitor Tegna Inc.—said it would not air the program due to Kimmel’s comments Monday regarding Kirk’s death and the reaction to it. The sudden move drew particular concern because it came only hours after FCC head Brendan Carr called for ABC to “take action” against Kimmel, and cryptically suggested his agency could take action saying, “We can do this the easy way or the hard way.” While ABC and Nexstar have not given any indication their decisions were influenced by Carr’s comments, the timing raised concerns among legal experts that the Trump administration’s threats may have unlawfully coerced ABC and Nexstar to punish Kimmel, which could constitute jawboning. Jawboning refers to “the use of official speech to inappropriately compel private action,” as defined by the Cato Institute, as governments or public officials—who cannot directly punish private actors for speech they don’t like—can use strongman tactics to try and indirectly silence critics or influence private companies’ actions. The practice is fairly loosely defined and there aren’t many legal safeguards dictating how violations of it are enforced, the Knight First Amendment Institute notes, but the Supreme Court has repeatedly ruled it can be unlawful and an impermissible First Amendment violation when it involves specific threats. The White…

The post China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling appeared on BitcoinEthereumNews.com. Cyberspace Administration of China (CAC) has instructed big companies to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules After the news, Nvidia shares dropped in premarket trading by about 1.5% Cyberspace Administration of China (CAC) has instructed big companies like Alibaba and ByteDance to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip. The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules. The RTX Pro 6000D was tailored for China to comply with some export rules, but now the regulator says even that chip is off-limits. After the news, Nvidia shares dropped in premarket trading (around 1.5%), reflecting investors’ concerns about reduced demand in one of the biggest markets. This isn’t the first time China has done something like this. For instance, in August, the country urged firms not to use Nvidia’s H20 chip due to potential security issues and the need to comply with international export control regulations. Meanwhile, Alibaba and Baidu have begun using domestically produced AI chips more heavily, which shows that China is seriously investing in building its own chip-making capacity. Additionally, a few days ago, Chinese regulators opened an antitrust review into Nvidia’s Mellanox acquisition, suggesting the company may have broken some of the promises it made to get the 2020 deal passed. From AI to blockchain and the possible effects of China’s ban The banning of Nvidia chips represents a rather notable escalation in the technological rivalry between the United States and China. Beyond tariffs or export bans, China is now proactively telling its firms to avoid even “compliant” US chips and instead shift…

New York’s top financial regulator urged banks to adopt blockchain analytics, signaling tighter oversight of crypto-linked risks. The move reflects regulators’ concern that traditional institutions face rising exposure to digital assets. While crypto-native firms already rely on monitoring tools, the Department of Financial Services now expects banks to use them to detect illicit activity. NYDFS Outlines Compliance Expectations The notice, issued on Wednesday by Superintendent Adrienne Harris, applies to all state-chartered banks and foreign branches. In its industry letter, the New York State Department of Financial Services (NYDFS) emphasized that blockchain analytics should be integrated into compliance programs according to each bank’s size, operations, and risk appetite. The regulator cautioned that crypto markets evolve quickly, requiring institutions to update frameworks regularly. “Emerging technologies introduce evolving threats that require enhanced monitoring tools,” the notice stated. It stressed the need for banks to prevent money laundering, sanctions violations, and other illicit finance linked to virtual currency transactions. To that end, the Department listed specific areas where blockchain analytics can be applied: Screening customer wallets with crypto exposure to assess risks. Verifying the origin of funds from virtual asset service providers (VASPs). Monitoring the ecosystem holistically to detect money laundering or sanctions exposure. Identifying and assessing counterparties, such as third-party VASPs. Evaluating expected versus actual transaction activity, including dollar thresholds. Weighing risks tied to new digital asset products before rollout. These examples highlight how institutions can tailor monitoring tools to strengthen their risk management frameworks. The guidance expands on NYDFS’s Virtual Currency-Related Activities (VCRA) framework, which has governed crypto oversight in the state since 2022. Regulators Signal Broader Impact Market observers say the notice is less about new rules and more about clarifying expectations. By formalizing the role of blockchain analytics in traditional finance, New York is reinforcing the idea that banks cannot treat crypto exposure as a niche concern. Analysts also believe the approach could ripple beyond New York. Federal agencies and regulators in other states may view the guidance as a blueprint for aligning banking oversight with the realities of digital asset adoption. For institutions, failure to adopt blockchain intelligence tools may invite regulatory scrutiny and undermine their ability to safeguard customer trust. With crypto now firmly embedded in global finance, New York’s stance suggests that blockchain analytics are no longer optional for banks — they are essential to protecting the financial system’s integrity.