Trump Media files for ‘Crypto Blue Chip ETF' with SEC
Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the 'Crypto Blue Chip ETF' later this year.
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Calgary Herald
3 hours ago
- Calgary Herald
Trump's AI action plan is a ‘Silicon Valley free-for-all': But what does it mean for Canada?
On Wednesday, U.S. President Donald Trump unveiled the country's highly anticipated U.S. Artificial Intelligence Action Plan — a sweeping missive reaffirming his administration's laissez-faire approach to regulating AI. The 28-page document, titled Winning the AI Race, outlined the White House's strategy to assert American dominance and leadership in the technology by removing regulatory barriers, fast-tracking data centres, exporting American AI, and developing AI that is 'free from ideological bias.' Here's what to know about the U.S. plan and what it could mean for Canada's AI ambitions. Article content Article content In a January 2025 White House memo, Trump signalled his intention to eliminate 'onerous' regulations on AI development and deployment. The U.S. AI Action Plan released Wednesday establishes a blueprint for putting that, and more, into motion. Article content According to the plan, the government will take action in the 'coming weeks and months' to abolish certain federal regulations on AI and to accelerate the build-out of data centres by fast-tracking permits. Trump last week praised tech and energy giants for investing US$90 billion to turn Pennsylvania into an AI hub and has talked up a US$500 billion AI data centre-building spree known as Project Stargate, though that effort so far has failed to confirm even one data centre. Article content The plan also takes aim at 'woke' AI, following the administration's campaigns to target diversity, equity, and inclusion initiatives across U.S. institutions. Federal procurement guidelines will be updated to ensure that the government only contracts with developers who 'ensure that their systems are objective and free from top-down ideological bias,' the plan said. It also mandates state departments to partner with the private sector to deliver American AI — from hardware to software and standards — 'to America's friends and allies around the world.' Article content Article content Why is the U.S. going all-in on AI? Article content Article content The U.S. has long touted the need to maintain global AI leadership, a mission that has intensified as the rapidly-developing tech becomes the new front line in the showdown between the U.S. and China. 'It's a global competition now to lead in AI,' said David Sacks, who is often referred to as the White House's AI and crypto czar. 'We want the U.S. to win that race. It's very important that America continues to be the dominant power in AI.' Article content Trump's AI agenda has come under fire from a broad range of critics. They argue that his vision mirrors the interests of Silicon Valley tech giants, unduly prioritizing corporate interests over public safety and well-being and environmental concerns. Earlier this week, more than 90 technology, labour, environmental and civil society organizations signed the 'People's AI Action Plan' to directly counter the White House's AI ambitions. 'The Trump administration's latest AI directive is a billion-dollar giveaway to Big Tech. Instead of enforcing guardrails, this administration is gutting oversight. We need rules and accountability — not a Silicon Valley free-for-all,' said a statement by J.B. Branch of the Public Citizen, a U.S.-based non-profit consumer advocacy group that is a signatory of the People's AI Action Plan.
CTV News
3 hours ago
- CTV News
Senator says U.S. tariffs from Trump White House damaging for Washington state
President Donald Trump speaks after signing an executive order in the Oval Office of the White House Wednesday, April 9, 2025, in Washington. (Pool via AP) Opponents from Washington state of U.S. President Donald Trump's tariff threats against Canada are vowing to fight, saying the ongoing trade war has delivered a heavy blow to American border communities. In a conference call led by Democrat U.S. Senator Patty Murray that included British Columbia Premier David Eby, Murray said regions such as Whatcom County bordering Canada get about 12 per cent of taxable retail income from Canadian consumers. Murray said the drop in Canadian tourists visiting her state has also resulted in economic uncertainty among ferry operators and in Point Roberts, where residents cannot access the U.S. mainland without travelling through Canada. Eby said it is difficult to continue asking British Columbians to keep their money in Canada but the U.S. boycotts are necessary in the trade war despite circumstances being 'miserable' on both sides of the border. Earlier this week, Eby responded to statements by the U.S. Ambassador to Canada who called Canadians mean and nasty over their travel and alcohol boycott, saying Canadians would be 'proud' to be considered mean for standing up for their sovereignty. Edmund Schweitzer, founder of Washington-based digital device maker Schweitzer Engineering Laboratories, said during the conference call that his company is predicting the tariffs will cost it US$100 million in 'unanticipated federal taxes.' Schweitzer said that means each of the 7,000 employees who co-own the company will take a financial hit of US$14,000 from the tariffs. 'President Trump seems to have created the 51st state that he was talking about, which is the great state of uncertainty,' he said Wednesday. 'And this is affecting all of us.' Murray said she is working in the U.S. Congress to bring Democrats and Republicans to join in the fight to wrestle back the power to set tariffs from the White House and urges other Americans to join the cause. 'Who is responsible for this, and we all need to remember this, is the president of the United States who started this,' Murray said. 'We are raising our voices to say, 'Enough is enough … stop this.' B.C. is among several Canadian provinces that banned the sale of U.S. alcohol from government-run stores after the trade war began, and industry groups say such sales in Canada have fallen sharply in March and April. Statistics Canada figures show the number of Canadians returning home by car from south of the border fell to just over 33 per cent in June compared with the same period last year, and return trips by air fell to just over 22 per cent during the same period. 'No one wants this,' Murray said of the falling numbers and economic uncertainty. 'We did not ask for this. It's been imposed on us. And I think that the premier is making it clear he has to make it painful for the United States. 'That doesn't change our relationship with British Columbia. We've always been friends, allies. We have had challenges in the past, but we talk to each other. We work through it, and that's what we both want at the end of this.' This report by Chuck Chiang, The Canadian Press, was first published July 23, 2025.
Toronto Star
4 hours ago
- Toronto Star
Senator says U.S. tariffs from Trump White House damaging for Washington state
Opponents from Washington state of U.S. President Donald Trump's tariff threats against Canada are vowing to fight, saying the ongoing trade war has delivered a heavy blow to American border communities. In a conference call led by Democrat U.S. Senator Patty Murray that included British Columbia Premier David Eby, Murray said regions such as Whatcom County bordering Canada get about 12 per cent of taxable retail income from Canadian consumers.
