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Is it the DOJ or FTCs purview to 'look out for threats'?
by IncreasePosts 2y ago
Is it the DOJ or FTCs purview to 'look out for threats'?
- rchaud 2y agoIt is if credible evidence of such a threat could be provided. The FTC investigated and fined Facebook $5bn for its breaches. The DOJ investigated and fined Binance $4bn and cut off its USD off-ramps, effectively banning it for US residents. Why should TikTok not be investigated similarly? What Congress is proposing is banning an app without first providing any evidence that the app conducts activities that are illegal under US law. FTC v Facebook: https://www.ftc.gov/news-events/news/press-releases/2019/07/ftc-imposes-5-billion-penalty-sweeping-new-privacy-restrictions-facebook https://www.ftc.gov/news-events/news/press-releases/2019/07/... DOJ v Binance: https://www.justice.gov/opa/pr/binance-and-ceo-plead-guilty-federal-charges-4b-resolution https://www.justice.gov/opa/pr/binance-and-ceo-plead-guilty-...
- IncreasePosts 2y agoIt seems like the argument against TikTok is one of potential abuse, not that a specific illegal action had been taken by ByteDance. So, for the same reason that you can't find someone guilty of a crime that you believe they will commit in the future, the DOJ and FTC don't really have any standing here to press charges or levy fines.