0xBot Project - NEW META - SOON 👀

A new regulatory coup in the UK could give London regulators the power interfere at the level of product design and to stop any tech acquisition, anywhere, for basically any reason they want. More: • A newly minted UK regulator will soon be handed a raft of sweeping powers that will allow it to subject American tech companies to aggressive legal interventions • A new “ex-ante” framework means US tech companies will be forced to work with regulators at the level of product design • Companies face fines of up to 10% of global revenue for violations and up to 5% of global revenue for failing to cooperate with investigations (potentially on top of similarly large fines levied by the EU) • The new laws allow the UK government to compel businesses and individuals abroad to produce information, including testimony and documentation, even in cases where (a) the deal is not primarily UK-related (b) the individuals in question are not UK nationals or residents and (c) the relevant documents are stored outside the UK New @AshleyRindsberg piece on Pirate Wires today. Link is threaded. 👇

In 2022, the Federal Government Accountability Office found $247,000,000,000 in improper payments made across 82 programs, including $81B from Medicaid & $47B from Medicare. That's $250B. In one year. That they know about. And publicly reported.