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Texas Senate to vote on bill that restricts social media access for children, while parental consent for app downloads will be required from next year

by admin May 29, 2025



As is not unusual among folks of a certain age, it’s hard not to wonder about the effects of unfettered internet access on my impressionable younger self. Ah well, back to doomscrolling and staring into the vast content pit it is. Wait, what was I doing? Oh, yes, the news!

Earlier this week Texas governor Greg Abbott signed into law a bill that will require both Google and Apple’s app stores to verify the age of its users from January 1 (via Reuters). Once this law comes into effect in 2026, folks under the age of 18 throughout the state will have to get parental consent to download apps or make in-app purchases. Texas also has another bill awaiting a Senate vote that aims more specifically to restrict children’s access to social media apps, too.

Apple and Google are understandably less than keen, arguing that the blanket age verification requirements overreach and making the case it’s really only necessary for select apps. Apple issued a statement to Reuters, saying, “If enacted, app marketplaces will be required to collect and keep sensitive personal identifying information for every Texan who wants to download an app, even if it’s an app that simply provides weather updates or sports scores.”


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Still, this isn’t necessarily a done deal. Last year in Florida, Governor Ron DeSantis signed into law a ban on social media accounts for anyone under the age of 14. This February, a judge considered blocking the ban amid concerns it would unconstitutionally curtail free speech. As of right now, the ban stands in Florida, but a similar free speech challenge could find its way to slowing down the Texas bills.

The Apple and Alphabet-backed Chamber of Progress already has something to say on that front. The group’s vice president, Kathleen Farley, told Reuters, “A big path for challenge is that it burdens adult speech in attempting to regulate children’s speech. I would say there are arguments that this is a content-based regulation singling out digital communication.”

Utah was the first US state to pass an app store age verification bill into law back in March of this year. This followed laws directly addressing minors’ access to social media back in 2023, though obviously concerns about young people’s access to apps and social media more broadly has been bubbling the world over. For instance, last year Australia proposed a ban on social media for everyone under the age of 16 that will ultimately come into effect later this year. Tech-savvy teenagers across the land have likely already cracked a way to get around it.

As for the social media companies themselves, they’ve been surprisingly positive about these legislative developments stateside—though that’s likely out of buck-passing relief. Meta, Snap, and X issued a joint statement in response to the Utah law’s passing this year that said, “Parents want a one-stop shop to verify their child’s age and grant permission for them to download apps in a privacy-preserving way. The app store is the best place for it. We applaud Utah for putting parents in charge with its landmark legislation and urge Congress to follow suit.”

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.

Though I see the free speech argument, I only trust each of the big tech companies tangled up in this as far as I can throw them—to say nothing of the state of Texas pulling the ‘think of the children’ card. I’m not going to stand here and pretend I only ever had positive experiences with social media as a young’un, but it would also be remiss to not acknowledge how it opened up my world when the walls of my day-to-day looked miserably narrow. Age verification and a blanket ban would’ve protected me from some things, while also potentially reinforcing how hopeless I felt…if I didn’t bother to figure out how to sideload my apps or otherwise circumnavigate the need for age verification.

The trouble with bans, in my humble opinion, is that they often present a tough image without actually addressing the core issue. Arguably the ‘core issue’ here is not one straightforward thing—but the rollback of both content and fact-checking moderation policies by major players like Meta certainly doesn’t help. In fact, there arguably aren’t any well-moderated online spaces for young people, with even the CEO of the extremely popular Roblox saying, “Don’t let your kids be on Roblox.” The very real risks posed by social media to children aren’t going to go away simply because all the young’uns have been banned, instead likely only creating more cracks for young people to disappear down.



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May 29, 2025 0 comments
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Sui Foundation stays neutral; $162m hack plan up for vote
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Sui Foundation stays neutral; $162m hack plan up for vote

by admin May 25, 2025



The Sui Foundation has announced it will abstain from an upcoming community vote on recovering $162 million in frozen funds from the recent Cetus protocol hack.

The decision comes as the blockchain network prepares for an on-chain governance vote to decide whether to implement a protocol upgrade for fund recovery.

Following Wednesday’s action by Sui (SUI) validators to freeze stolen assets, Cetus has formally requested community approval for a protocol upgrade that would return the locked funds without reversing transaction history or rolling back the blockchain.

Sui validators coordinated emergency freeze

The Sui validator network responded quickly to the security breach by implementing emergency measures to prevent further asset drainage. Over one-third of validators by stake weight ignored transactions from two addresses believed connected to the attack. This effectively immobilized approximately $162 million worth of digital assets.

On Wednesday, the Sui validator community acted quickly to freeze $162M of the stolen funds. Here’s how that happened:

– Each validator has a configuration file that allows it to ignore transactions from a specific address.

– Adding addresses to this file is at the discretion… https://t.co/pVLTItN0MH

— Sui (@SuiNetwork) May 23, 2025

The freezing mechanism operates through individual validator configuration files that allow nodes to exclude specific addresses from transaction processing. Each validator maintains discretionary control over this function, which can be activated or reversed independently based on individual risk assessments or compliance requirements.

While validators successfully prevented the attacker from bridging a substantial portion of the stolen funds off the Sui network, approximately $60 million in assets had already been moved before the freeze took effect. Cetus has mentioned it is collaborating with Inca Digital, security firms, and international law enforcement agencies to recover the remaining compromised funds.

The Sui Foundation shared two conditions for supporting the community vote process. First, the foundation will maintain complete neutrality regarding the outcome. They stressed its role as a facilitator rather than a decision-maker for community governance. Second, Cetus must publicly commit to deploying all available financial resources toward full customer restitution.

“This is an extraordinary request in response to extraordinary need – Cetus’s customer funds are at stake,” the Sui Foundation stated. Cetus has expressed willingness to respect whatever decision emerges from the community vote.

They noted that “no one can make this decision unilaterally.” The protocol upgrade vote will involve major network participants, including validators and SUI token stakers. Cetus had also offered a $6 million bounty to the hacker to retrieve the funds.





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May 25, 2025 0 comments
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Crypto Trends

Senate Stablecoin Bill Passes Key Vote as GENIUS Act Regains Momentum

by admin May 20, 2025



Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days. 

Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief among them: mounting anger in the Democratic Party over President Donald Trump’s perceived crypto-related conflicts of interest.

But tonight, key Democrats jumped back aboard the measure. Ruben Gallego (D-AZ), Mark Warner (D-VA), Lisa Blunt Rochester (D-PA), Kirsten Gillibrand (D-NY), and Angela Alsobrooks (D-MD)—all of whom voted against cloture on the GENIUS Act earlier this month—supported the measure tonight. Alsobrooks and Gillibrand initially co-sponsored the bill.

Having received more than 60 votes, the bill will now cruise towards a full floor vote, which could happen as soon as tomorrow, one Senate source familiar with the matter told Decrypt. If all goes according to plan, the vote on the bill itself should see the same margin of passage as tonight’s procedural vote. 

The bill would then need to pass a vote in the House before heading to President Trump’s desk. If signed into law, the GENIUS Act would establish a framework for legally issuing stablecoins in the United States. 

Stablecoins are crypto tokens, generally pegged to the U.S. dollar, that allow holders to enter and exit digital asset trades without accessing fiat currencies directly. They can also be used to easily send payments and remittances across borders. It is anticipated that once stablecoin legislation passes, once-hesitant Wall Street giants will flood the sector, bringing billions of dollars, if not trillions, into crypto.

What gave the GENIUS Act new wings just days after the bill nearly death spiraled? Last week, Senate Democrats ironed out a new draft of the legislation, which they touted as containing major concessions from Republicans on issues like conflicts of interest, national security protections, and Big Tech. 

But it’s unclear if those measures will have enough teeth to make them enforceable. While the new draft forbids all senior executive branch officials from launching their own stablecoins, for example, it still allows the president and vice president to do so—sidestepping the Trump-related concerns that made ethics a prominent issue for the legislation in the first place. 

In a similar vein, new language added to the bill in the eleventh hour would prevent Big Tech corporations from launching stablecoins if said corporations tracked and sold users’ sensitive financial data—unless they got customers’ consent to do so in their terms of service. 

Another factor that may have shifted political calculus enough to get the GENIUS Act over the 60-vote hump: increased lobbying pressure from industry leaders, who realized that if the bill didn’t pass, hopes for passing any crypto legislation on Capitol Hill this year might die along with it.

Coinbase, for instance, which boasts a tremendous lobbying presence in Washington, had previously dragged its feet in supporting standalone stablecoin legislation—a move intended to increase the likelihood of Congress passing a single crypto bill covering several industry sectors, but that nonetheless frustrated other digital asset policy players. In recent days, with crypto’s entire legislative agenda on life support, Coinbase notably turned up the heat in a push to get the GENIUS Act over the finish line. 

The firm’s CEO, Brian Armstrong, made explicit pleas for the bill to be passed immediately. Stand With Crypto, a pro-industry political watchdog launched by Coinbase, warned it would lower politicians’ grades if they voted against cloture on the GENIUS Act tonight—a move the organization notably did not make after the initial cloture vote on the bill earlier this month. Over the weekend, an in-app notification sent out by Coinbase, and seen by Decrypt, urged American users to send their senators a letter demanding the GENIUS Act be passed immediately.

Behind such signifiers churns an immense amount of money. Last year Coinbase, along with a handful of other major American crypto companies, raised over $300 million for pro-crypto super PACs that spent heavily on congressional races. The same super PACs have already raised tens of millions of dollars for the 2026 midterms.

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May 20, 2025 0 comments
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