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SEC drops Binance lawsuit in yet another gift to crypto

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SEC drops Binance lawsuit in yet another gift to crypto

Two years after legal proceedings began, the SEC has formally dropped its lawsuit against Binance, the world’s largest crypto exchange. It was one of the US government’s final ongoing actions against crypto companies.

Lawyers for the SEC and Binance jointly moved to dismiss the case in a filing on Thursday. It follows a 60-day pause requested by both parties in February. The case has been dismissed with prejudice, meaning the SEC can’t pursue it again. “We’re deeply grateful to [SEC] Chairman Paul Atkins and the Trump administration for recognizing that innovation can’t thrive under regulation by enforcement,” Binance told Reuters in a statement, calling the dismissal “a landmark moment.”

The SEC sued Binance in 2023, accusing it, and founder Changpeng Zhao, of operating an illegal exchange in the US and defrauding investors, along with a string of other offenses. Binance settled a separate case with the Department of Justice in 2023, which saw the company agree to pay $4.3 billion in fines. Zhao himself stepped down from the company and pled guilty to breaking anti-money-laundering laws, paying $50 million in personal fines and serving a four-month prison sentence.

The SEC dismissal is the latest sign of the Trump administration’s embrace of the cryptocurrency industry. In April it disbanded a DOJ unit dedicated to enforcing cryptocurrency fraud, and already this year the SEC has dropped investigations into both Coinbase and Robinhood. Meanwhile Trump has bolstered the crypto industry by launching a Crypto Strategic Reserve and hosting a private dinner for those willing to back (or short) his own $TRUMP meme coin.

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We found 20 Verge-approved gifts on sale ahead of Valentine’s Day

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We found 20 Verge-approved gifts on sale ahead of Valentine’s Day

Valentine’s Day is coming up fast, and if you haven’t started shopping yet, there are a lot of great gifts on sale that should still arrive in time if you order soon. Several Verge-approved gadgets are seeing some of their best discounts since the holidays, with options we think will appeal to a wide range of interests, from thoughtful picks like digital photo frames to e-readers, smart speakers, smartwatches, massagers, and even practical stuff like vacuums. While some are bigger-ticket items, quite a few cost under $100, so there’s something here for a range of budgets, too.

Below, we’ve rounded up the best Valentine’s Day gift deals you can shop right now across a range of categories and prices, whether you’re buying for a partner, a friend, or yourself.

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Fox News AI Newsletter: ‘The American people are being lied to about AI’

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Fox News AI Newsletter: ‘The American people are being lied to about AI’

NEWYou can now listen to Fox News articles!

Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements.

IN TODAY’S NEWSLETTER:

– Palantir’s Shyam Sankar: Americans are ‘being lied to’ about AI job displacement fears
– OPINION: Elon Musk says you can skip retirement savings in the age of AI. Not so fast
– Chevron CEO details strategy to shield consumers from soaring AI power costs

LIES EXPOSED: “The American people are being lied to about AI,” Palantir CTO Shyam Sankar warns in the opening line of his new Fox News op-ed. And one of the biggest lies, he said, is that artificial intelligence is coming for Americans’ jobs.

Shyam Sankar, chief technology officer of Palantir Technologies Inc., speaks during the Hill & Valley forum at the U.S. Capitol in Washington, D.C., on Wednesday, April 30, 2025. (Getty Images)

RISKY RETIREMENT: Billionaire Elon Musk recently told people not to worry about “squirreling” money away for retirement because advances in artificial intelligence would supposedly make savings irrelevant in the next 10 to 20 years.

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OFF-THE-GRID: Chevron CEO Mike Wirth detailed the company’s strategy to harness U.S. natural resources to meet soaring artificial intelligence power demand — without passing the cost along to consumers.

The COL4 AI-ready data center is located on a seven-acre campus at the convergence point of long-haul fiber and regional carrier fiber networks on July 24, 2025, in Columbus, Ohio.  (Eli Hiller/For The Washington Post via Getty Images)

POWER CRISIS NOW: Artificial Intelligence and data centers have been blamed for rising electricity costs across the U.S. In December 2025, American consumers paid 42% more to power their homes than ten years ago. 

LATEST POLLING: As the emphasis on implementing artificial intelligence across society grows, voters think the use of AI technology is happening too fast — and they have little confidence the federal government can regulate it properly.

PRIVACY NIGHTMARE: A popular mobile app called Chat & Ask AI has more than 50 million users across the Google Play Store and Apple App Store. Now, an independent security researcher says the app exposed hundreds of millions of private chatbot conversations online. 

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CAP-EX SURGE: Alphabet executives struck a confident tone on Wednesday’s post-earnings call, signaling that Google’s heavy investments in artificial intelligence are now translating into real revenue growth across the business.

Google Headquarters is seen in Mountain View, California, on May 15, 2023. (Tayfun Coskun/Anadolu Agency via Getty Images)

MERIT OVER FEAR: Shyam Sankar, the chief technology officer and executive vice president of Palantir Technologies, told Fox News Digital that artificial intelligence will be a “massively meritocratic force” within the workplace and offered advice to corporate leaders on how to best position their companies and employees for success.

FAKE LOVE HEIST: A woman named Abigail believed she was in a romantic relationship with a famous actor. The messages felt real. The voice sounded right. The video looked authentic. And the love felt personal. By the time her family realized what was happening, more than $81,000 was gone — and so was the paid-off home she planned to retire in.

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Stay up to date on the latest AI technology advancements, and learn about the challenges and opportunities AI presents now and for the future with Fox News here.

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Google is expanding AirDrop support to more Android devices ‘very soon’

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Google is expanding AirDrop support to more Android devices ‘very soon’

After introducing AirDrop support to Pixel 10 devices last year, Google is now set to expand it to phones made by other Android partners. Eric Kay, vice president of engineering for Android, confirmed in a press briefing attended by Android Authority that “a lot more” Android devices will be able to use Quick Share to initiate AirDrop sessions with Apple devices this year.

“We spent a lot of time and energy to make sure that we could build something that was compatible not only with iPhone but iPads and MacBooks,” Kay said. “Now that we’ve proven it out, we’re working with our partners to expand it into the rest of the ecosystem, and you should see some exciting announcements coming very soon.”

Currently, Google’s Pixel 10 phones are the only Android devices that can use Quick Share — Android’s own wireless peer-to-peer transfer feature, previously known as Nearby Share — to communicate directly with Apple’s AirDrop. Google hasn’t outlined any specific Android partners or devices for the update yet, but both Nothing and chipmaker Qualcomm teased in November that support was coming.

Kay also discussed Google’s efforts to improve the process for iOS users who switch to Android, helping to prevent incomplete data transfers, lost messages, and other issues. Apple has been working on a “user-friendly” way of transferring data from iPhones to other devices since early 2024, and Google and Apple’s collaborative efforts were seen being tested in Android Canary 2512 for Pixel devices in December.

“We’re also going to be working to make it easy for people who do decide to switch to transfer their data and make sure they’ve got everything they had from their old phone,” Kay said during the same briefing. “So there’s a lot more going on with that.”

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